Which of the Following Was Not a Reason That the Federal

Multiple Choice

Which of the following was not a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007-2009?

A) The large budget deficit constrained fiscal policy.
B) The inflated price of Treasury bills made them too expensive to purchase in open market operations.
C) Only the Federal Reserve acting as the central bank can serve as the lender of last resort.
D) The Fed was able to act more quickly than Congress.