Which of the Following Statements Is Most Accurate About the Fed's

Multiple Choice

Which of the following statements is most accurate about the Fed's zero interest rate policy (ZIRP) ?

A) The Fed has abandoned the ZIRP, recognizing the need to reduce nominal interest rates to below zero.
B) As of 2016, the ZIRP is being pursued by the Fed.
C) It ended in late 2015, with the Fed increasing the IOER and engaging in reverse repo transactions.
D) In an effort to end the ZIRP, the Fed prohibited nonbank lending to banks.