During the 2007-2009 financial crisis,the Federal Reserve took some unusual steps in its conduct of monetary policy.Which of the following was not one of them?
A)It invested in AIG.
B)It invested more than $1 trillion in mortgage-backed securities.
C)It worked with the U.S.Treasury and with other regulators to stabilize banks and thaw frozen credit lines.
D)It worked with the U.S.Treasury and other regulators to help conduct a stress test of the 19 largest banks.
E)It bailed out General Motors.

Question

Quizplus · Accepted Answer

The Federal Reserve did not bail out General Motors during the 2007-2009 financial crisis. This was a responsibility that fell to the U.S. government and was managed by the Department of the Treasury through the Troubled Asset Relief Program (TARP).

During the 2007-2009 Financial Crisis,the Federal Reserve Took Some Unusual