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Author Question: Which of the following was NOT part of Federal Reserve Chairman Ben Bernankes approach to correcting ... (Read 79 times)

809779

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on: Jul 8, 2018
Which of the following was NOT part of Federal Reserve Chairman Ben Bernankes approach to correcting the financial crisis of 2007-2010?
 
  a. dropped interest rates to zero
  b. rapidly paid off debt to foreign investors
  c. lent money to mutual funds and hedge funds
  d. purchased mortgage bonds in bulk
  e. lent money to manufacturers

Question 2

Which of the following is NOT a method or purpose of the Federal Reserve?
 
  a. to set the discount rate
  b. to control the supply of money
  c. to control inflation
  d. to stimulate the economy
  e. to control the profits of private banks


chem1s3

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Reply #1 on: Jul 8, 2018
Answer to Question 1

ANS: B

Answer to Question 2

ANS: E


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