When the Fed embarked on a policy known as quantitative easing, they slowly lowered the federal funds rate target until it was equal to zero. they reduced the required reserve ration by one-quarter point per month for 12 months. bought longer-term securities than are usually bought in open market operations. opened up lending to primary dealers, commercial banks, and investment banks
When the Fed embarked on a policy known as quantitative easing, they slowly lowered the federal funds rate target until it was equal to zero. they reduced the required reserve ration by one-quarter point per month for 12 months. bought longer-term securities than are usually bought in open market operations. opened up lending to primary dealers, commercial banks, and investment banks
Chapter19: Money Creation
Section: Chapter Questions
Problem 14SQ
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When the Fed embarked on a policy known as quantitative easing, they
slowly lowered the federal funds rate target until it was equal to zero.
they reduced the
bought longer-term securities than are usually bought in open market operations.
opened up lending to primary dealers, commercial banks, and investment banks.
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