Multiple Choice
In September 2012 the Fed announced that because of weak labor market conditions, it would ________ $40 billion of mortgage backed securities per month. Critics of the action said that banks have ________ excessive reserves so the action would be futile.
A) sell; huge amounts of
B) buy; huge amounts of
C) buy; very little
D) sell; very little
Correct Answer:
Verified
Correct Answer:
Verified
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