The third round of quantitative easing,announced in September 2012,was focused on purchases of
A) short-term Treasury bills.
B) long-term Treasury notes.
C) long-term Treasury notes and sales of short-term Treasury bills.
D) mortgage-backed securities.

Question

Quizplus · Accepted Answer

The third round of quantitative easing, also known as QE3, was focused on purchases of mortgage-backed securities. This was done in an effort to stimulate the housing market and boost economic growth through lower interest rates on mortgages.

The Third Round of Quantitative Easing,announced in September 2012,was Focused