In Response to the Financial Crisis of 2007-2009,the Federal Reserve

Multiple Choice

In response to the financial crisis of 2007-2009,the Federal Reserve

A) cut the fed funds rate from 5.25 percent to 2.0 percent.
B) cut the discount rate from 5.25 percent to 2.0 percent.
C) raised the fed funds rate from 2.0 percent to 5.25 percent.
D) raised the discount rate from 2.0 percent to 5.25 percent.