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How Did the Federal Reserve Respond to the Terrorist Attacks

Question 18

Multiple Choice

How did the Federal Reserve respond to the terrorist attacks of September 11,2001?


A) It cut interest rates to promote increased investment and spending.
B) To relieve fear, it required that Wall Street be open for business throughout the emergency.
C) The Federal Reserve demanded, and received, a seat on the National Security Council.
D) It raised interest rates and discouraged spending in order to conserve money in the event of war.
E) It did not do anything; that was the problem.

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