In reaction to the then developing 2007-2009 financial crisis, short-term interest rates _______ sharply and were ______ than ______ percent by October, 2008.
A)rose, 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 during the 2007-2009 financial crisis, and by October 2008, they were less than 0.5 percent, which is not accurately described by any of the given options.

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