The Financial Crisis of 2008 Illustrates That

Multiple Choice

The financial crisis of 2008 illustrates that:

A) systemic risk is no longer a serious concern for the U.S.economy.
B) the Fed does not concern itself with the actions of investment banks.
C) the Fed has the power to control the President's responses to a financial and economic crisis and supervise fiscal policy.
D) the Fed has the power to step outside its normal functions and lend to investment banks when it perceives the risk of financial contagion.