During the recent economic crisis, the Fed took several important steps to attempt to minimize the effects of the crisis for both businesses and individuals. Which of the following was not a step that the Fed took during this time?

Question

Quizplus · Accepted Answer

The Fed did not expand its network of district banks during the recent economic crisis. The Fed's main actions during the crisis included providing liquidity to banks and financial markets, supporting troubled financial markets and institutions, and conducting stress tests for major banks.

During the Recent Economic Crisis, the Fed Took Several Important