In reaction to the then developing 2007-2009 financial crisis, short-term interest rates _______ sharply and were ______ than ______ percent by October, 2008.
A)declined, less, 0.5
B)rose, more, 10
C)declined, more, 6.
D)declined, less, 20
E)none of the above

Question

Quizplus · Accepted Answer

Short-term interest rates declined sharply in reaction to the 2007-2009 financial crisis and were less than 0.5 percent by October 2008.

In Reaction to the Then Developing 2007-2009 Financial Crisis, Short-Term