In Response to the 2007 - 2009 Financial Crisis, the Fed's

Multiple Choice

In response to the 2007 - 2009 financial crisis, the Fed's prime credit rate, which was 6.25 percent at the end of 2006, was lowered to _____ percent by the end of 2008 and was maintained at that level through 2009. Too specific

A) 0.0
B) 0.5
C) 1.0
D) 1.5
E) none of the above