For most of the remainder of the decade after the September 11th terrorist attacks the Fed maintained a high liquidity, low interest rate environment, which was accompanied by:

Question

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The low interest rate environment created by the Fed often encourages borrowing, and this was the case in the aftermath of the September 11th attacks. Many business firms, financial institutions, and individuals took advantage of the low rates to borrow and invest in various ventures, resulting in large amounts of borrowing.

For Most of the Remainder of the Decade After the September