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Quiz
Related Lesson
How the Fed Works: After the Great Recession
Knowledge Check
Knowledge Check
Question 1 of 6
What is quantitative easing?
a.
When the Fed swaps money with banks for assets other than treasury bills.
b.
When the Fed changes the federal funds rate more slowly, so as to prevent a sudden shock to the economy.
c.
Open market operations that happen overnight at the Fed’s sole discretion.
d.
The Fed’s new ability to set interest rates directly, without having to go through transactions with banks.
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Related Courses
Course
Principles of Macroeconomics
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