Author Question: According to this Application, the Fed responded to the financial crisis by continuing to develop ... (Read 44 times)

jazziefee · **on:** Jun 30, 2018

According to this Application, the Fed responded to the financial crisis by continuing to develop new programs. One example of this was its announcement that it would now purchase commercial paper, which is the short-term debt of corporations.

This is an example of the Fed acting as a
A) unit of account. B) store of value.
C) medium of exchange. D) lender of last resort.

Question 2

Investments are actions that incur costs in the future but provide expected benefits today.

Indicate whether the statement is true or false