During the 2007-2009 financial crisis, both the Federal Reserve and the European Central Bank bought bad debt in order to stabilize banks.

Question

Quizplus · Accepted Answer

Both the Federal Reserve and the European Central Bank implemented programs to purchase troubled assets (bad debt) from banks in order to provide liquidity and stabilize the financial system during the 2007-2009 financial crisis.

During the 2007-2009 Financial Crisis, Both the Federal Reserve and the European