The intent of the Fed's strategy to resolve the credit crisis in 2008-2009 was to
A)increase long-term interest rates.
B)require corporations to issue more commercial paper.
C)require bond rating agencies to impose higher standards on their ratings.
D)reduce interest rates.

Question

Quizplus · Accepted Answer

The Federal Reserve aimed to resolve the credit crisis by reducing interest rates, which would lower borrowing costs, stimulate economic activity, and help stabilize financial markets.

The Intent of the Fed's Strategy to Resolve the Credit