The period of time when the Fed was essentially monetizing the debt was
A) the Great Depression.
B) the Great Inflation.
C) WWI.
D) WWII.

Question

Quizplus · Accepted Answer

During WWII, the Federal Reserve supported the financing of the war effort by purchasing large amounts of government securities, which effectively monetized the debt. This policy aimed to keep interest rates low to facilitate affordable borrowing for the war.

The Period of Time When the Fed Was Essentially Monetizing