Multiple Choice
In 2001, the FOMC reversed course, and between the beginning of 2001 and mid-2003, the FOMC _____ the interest rate from _____ to _____.
A) raised; 1 percent; 6.5 percent
B) raised; 4.75 percent; 6.5 percent
C) lowered; 6.5 percent; 1 percent
D) lowered; 6.5 percent; 4.75 percent
E) raised; 1.0 percent; 5.25 percent
Correct Answer:
Verified
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