Which of the following statements is true?
A)The Commercial Paper Funding Facility (CPFF) authorized the Fed to directly purchase commercial paper.
B)The Money Market Investor Funding Facility (MMIFF) supported a private plan to provide liquidity to U.S. money markets by funding the purchase of short-term CDs and commercial paper from money market mutual funds and money market investors.
C)The Term Asset-backed Securities Loan Facility (TALF) authorized the Fed to lend up to $200 billion to the issuers of asset-backed securities.
D)All of the above are true.

Question

Quizplus · Accepted Answer

All of the statements are true. The CPFF allowed the Fed to purchase commercial paper from issuers to support the functioning of the commercial paper market. The MMIFF provided funding to purchase short-term CDs and commercial paper from money market mutual funds and money market investors to support the liquidity of U.S. money markets. The TALF authorized the Fed to lend up to $200 billion to the issuers of asset-backed securities to help make credit more available to consumers and small businesses.

Which of the Following Statements Is True