Describe the temporary lending facilities that the Fed set up during the Financial Crisis of 2007-2009
What will be an ideal response?
Under the primary dealer credit facility, primary dealers could borrow overnight using mortgage-backed securities as collateral. Under the term securities lending facility, the Fed would loan up to $200 billion of Treasury securities in exchange for mortgage-backed securities. Under the commercial paper funding facility, the Fed purchased three month commercial paper issued by nonfinancial corporations. Under Term Asset-Backed Securities Loan facility, the Federal Reserve Bank of New York extended three-year or five-year loans to help investors fund the purchase of asset-backed securities.
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Refer to the above figure. If the relevant aggregate demand curve is AD1, then the economy is experiencing
A) full employment. B) an inflationary ga
Why is the Clayton Act of 1914 considered to have been favorable to the interests of organized labor?
(a) It restricted the application of the Sherman Antitrust Act and excluded labor unions from it. (b) It legalized collective bargaining for the first time. (c) It declared labor to be an article of commerce. (d) It forbade the use of injunctions by the courts to stop strikes.