In an effort to stabilize the banking sector and keep banks lending, from October 2008 to September 2009, the Fed:
A. raised reserve requirements.
B. raised the amount of interest paid on reserves held at Fed banks.
C. declared a series of bank holidays to give banks a chance to recover from excessive
withdrawals from customer accounts.
D. lowered the federal funds target rate.
D. lowered the federal funds target rate
You might also like to view...
The cross-price elasticity between Gillette razors and a related good is -3.4. What happens to the demand for the related good if the price of Gillette razors falls by 10 percent?
A) The quantity demanded of the related good falls by 34 percent. B) The quantity demanded of the related good rises by 34 percent. C) The quantity demanded of the related good rises by 3.4 percent. D) The quantity demanded of the related good falls by 3.4 percent.
Business decisions must be undertaken with a view of comparing the costs of the decision with its benefits
Indicate whether the statement is true or false