Question

Use the drop-down menus to complete each sentence.

A notable action taken by the Fed during the financial crisis of 2008 was carrying out open market operations, which was intended to lower the
.

The actions taken by the Fed
have immediate positive results, despite the fact that the Federal Funds Rate reached nearly
.

Answer 1

A notable action taken by the Fed during the financial crisis of 2008 was carrying out open market operations, which was intended to lower the federal funds rate.

The actions taken by the Fed may not have immediate positive results, despite the fact that the Federal Funds Rate reached nearly zero.