In response to the financial crisis, the Fed effectively lowered interest rates to ________ percent.
A) 1
B) 5
C) 0
D) -1
E) 3

Question

Quizplus · Accepted Answer

The Fed effectively lowered interest rates to 0 percent in response to the financial crisis in 2008-2009. This was done in an effort to stimulate borrowing and spending, which in turn would boost economic growth and help stabilize the financial system.

In Response to the Financial Crisis, the Fed Effectively Lowered