Multiple Choice
Between May 2004 and May 2006, the Federal Reserve ________ its interest rate ________.
A) raised; from 1.25 percent to 5.25 percent
B) lowered; from 5.25 percent to 0 percent
C) kept; fixed at 3.25 percent
D) lowered; from 6.5 percent to 1 percent
E) The Fed does not control interest rates.
Correct Answer:
Verified
Correct Answer:
Verified
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