M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Exercise 86

Which of the following actions did the Federal Reserve not take during the most recent financial crisis to stave off economic collapse?

A. Paid interest in reserve banks kept by the Fed

B. Lowered key interest rates

C. Allowed most troubled banks to fail

D. Purchased troubled assets from banks

E. Lent money at discount rates to nonbanking institutions