Which of the following actions did the Federal Reserve take during the financial crisis of 2007-2008?
A) It gave a directive to change the management of the banks that had to be bailed out.
B) It bought troubled assets from banks and lent money at the discount window to nonbanks.
C) It compensated all investors who lost money in the crisis.
D) It kept the discount rates high to discourage borrowing.
E) It issued a directive to keep all information regarding derivative products confidential.
Correct Answer:
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