When the Fed Embarked on a Policy Known as Quantitative

Multiple Choice

When the Fed embarked on a policy known as quantitative easing,they

A) slowly lowered the federal funds rate target until it was equal to zero.
B) reduced the required reserve ratio by one-quarter point per month for 12 months.
C) bought longer-term securities than are usually bought in open market operations.
D) opened up lending to primary dealers,commercial banks,and investment banks.