As part of its zero interest rate policy (ZIRP) ,the Federal Reserve:
A) cut the reserve ratio to zero percent on all checkable and saving deposit accounts.
B) lowered the discount rate to zero to 0.25 percent.
C) lowered the interest rate paid on reserves held at the Fed to zero percent.
D) used open-market operations to keep the federal funds rate between zero and 0.25 percent.
Correct Answer:
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