As a result of the global financial crisis in 2008,_____.
A)U.S.interest rates fell and the cost of servicing U.S.debt decreased
B)U.S.citizens increased their purchase of foreign securities
C)U.S.chronic deficits increased and debt service costs overwhelmed the budget
D)debt issued by U.S.government entities was judged to be the safest in the world
E)there was downgrading of the nation's credit risk by the chief credit-rating agency in 2011

Question

Quizplus · Accepted Answer

The global financial crisis led to a reduction in U.S. interest rates as the Federal Reserve took measures to stimulate the economy, which in turn decreased the cost of servicing U.S. debt.

As a Result of the Global Financial Crisis in 2008,_____