During the 2007-2009 financial crisis, the Federal Reserve took some unusual steps in its conduct of monetary policy. Which of the following was not one of them?
a. It invested in AIG
b. It invested more than $1 trillion in mortgage-backed securities.
c. It worked with the U.S. Treasury and with other regulators to stabilize banks and thaw frozen credit lines.
d. It worked with the U.S. Treasury and other regulators to help conduct a stress test of the 19 largest banks.
e. It bailed out General Motors.
e
You might also like to view...
The Gini ratio is a measure of
A) income inequality. B) wealth distribution. C) income distribution. D) income as compared to wealth.
The following are all least squares assumptions with the exception of:
A) The conditional distribution of ui given Xi has a mean of zero. B) The explanatory variable in regression model is normally distributed. C) (Xi, Yi), i = 1,..., n are independently and identically distributed. D) Large outliers are unlikely.