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When the Fed Set Up a Term Auction Facility in 2007-2008

Question 106

Multiple Choice

When the Fed set up a Term Auction Facility in 2007-2008, its goal was to


A) inject a certain quantity of reserves into banks.
B) set the discount rate to a certain percentage.
C) tighten control on legal requirements on banks.
D) Each of these answers is correct.

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