The U.S.Federal Reserve responded to the 2008 financial crisis in several ways.Which of the following is one of the ways the U.S.Federal Reserve responded?
A) The U.S.Federal Reserve banned investment banks from obtaining discount loans.
B) The U.S.Federal Reserve lent investment banks U.S.Treasury securities in exchange for mortgage-backed securities.
C) The U.S.Federal Reserve lowered the required reserve ratio on demand deposit accounts in order to increase the amount of bank reserves.
D) The U.S.Federal Reserve helped Citibank to acquire General Motors and Chrysler.
E) The U.S.Federal Reserve printed new currency and distributed the extra cash by helicopter.
Correct Answer:
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