In which of the following periods were short-term interest rates the highest?
A) 1973-1975
B) 1980-1982
C) 1983-1985
D) 1988-1990
E) 1992-1994

Question

Quizplus · Accepted Answer

During the period of 1980-1982, the United States experienced historically high interest rates, with the Federal Reserve raising the federal funds rate to unprecedented levels in an effort to combat inflation. This period is known for having some of the highest short-term interest rates in U.S. history.

In Which of the Following Periods Were Short-Term Interest Rates