To lower long-term interest rates,in 2010 the Fed started its new open market operation program to purchase
A)mortgage-backed securities.
B)commercial papers.
C)long-term Treasuries.
D)Treasury bills and Treasury notes.

Question

Quizplus · Accepted Answer

In 2010, the Federal Reserve initiated a program known as "quantitative easing," which involved purchasing long-term Treasuries to lower long-term interest rates and stimulate the economy.

To Lower Long-Term Interest Rates,in 2010 the Fed Started Its