Macroeconomics

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Lender Of Last Resort

MACRO-NO0NH6

Which of the following tools did the Federal Reserve use to provide liquidity to markets when the financial system froze in 2008 and 2009?

A

Term Auction Facility (TAF)

B

Troubled Assets Relief Program (TARP)

C

Commercial Paper Funding Facility (CPFF)

D

Direct Lending to the Auto Industry

E

Direct Lending to American International Group (AIG)

F

Reduce the Federal Funds Rate to 0.25%