To Move Quickly to Turn Around the Crisis During 2007-08

Multiple Choice

To move quickly to turn around the crisis during 2007-08, the U.S. Federal Reserve relied on:

A) lowering taxes.
B) removing restrictions on collateral, adding more categories of securities purchased by the Federal Reserve, and expanding its operations with nonbank dealers.
C) tightening up credit rules and keeping banks out of trouble.
D) admonishing the administration for its excessive debt situation.