Which of the following characterize the Federal Reserve funding facilities used during the U.S. Financial Crisis? 1. Funding facilities were intended to address solvency and liquidity concerns II. Funding facilities were created for a variety of constituents III. Funding facilities were considered by the Fed to be "bail-outs" rather than loans O a. I only O b. I and II only O c. I and III only O d. I, II, and III

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
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Which of the following characterize the Federal Reserve funding facilities used
during the U.S. Financial Crisis?
1. Funding facilities were intended to address solvency and liquidity concerns
II. Funding facilities were created for a variety of constituents
III. Funding facilities were considered by the Fed to be "bail-outs" rather than loans
O a. I only
O b. I and II only
O c. I and III only
O d. I, II, and III
Transcribed Image Text:Which of the following characterize the Federal Reserve funding facilities used during the U.S. Financial Crisis? 1. Funding facilities were intended to address solvency and liquidity concerns II. Funding facilities were created for a variety of constituents III. Funding facilities were considered by the Fed to be "bail-outs" rather than loans O a. I only O b. I and II only O c. I and III only O d. I, II, and III
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