To the extent that low interest rates contributed to the financial crisis of 2008-2009, the blame for this policy lies with:
A) the Federal Reserve.
B) investment banks.
C) rating agencies.
D) mortgage brokers.

Question

Quizplus · Accepted Answer

The Federal Reserve has the power to set interest rates, and thus is responsible for low interest rates that may have contributed to the financial crisis. Investment banks, rating agencies, and mortgage brokers may have played a role in the crisis, but they do not have the power to set interest rates.

To the Extent That Low Interest Rates Contributed to the Financial