During the financial crisis of 2007-08, the U.S. central bank lowered its policy rate from 5.25% to 0%. What was the effect on market rates of interest?
A) Market rates increased by 5%.
B) Market rates fell by 5%.
C) Market rates fell below zero.
D) Market rates barely moved at all.

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The Answer of During the financial crisis of 2007-08, the U.S. central bank lowered its policy rate from 5.25% to 0%. What was the effect on market rates of interest?
A) Market rates increased by 5%.
B) Market rates fell by 5%.
C) Market rates fell below zero.
D) Market rates barely moved at all.

During the Financial Crisis of 2007-08, the U