When the Federal Reserve began its policy of quantitative easing in November 2008, there was __________ in the monetary base.

Question

Quizplus · Accepted Answer

Quantitative easing is a monetary policy used by central banks to increase the money supply by buying government securities or other securities from the market. When the Federal Reserve began its policy of quantitative easing in November 2008, it significantly increased the monetary base to inject liquidity into the economy during the financial crisis.

When the Federal Reserve Began Its Policy of Quantitative Easing