How did the federal reserve attempt to avert the complete collapse of the financial system
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Business, 27.01.2020 00:31 eweqwoewoji
How did the federal reserve attempt to avert the complete collapse of the financial system
during the financial crisis of 2008?
it ordered commercial banks to stop making loans.
it encouraged the development of a credit crunch.
it loaned trillions of dollars to financial institutions.
• it closed all commercial banks for four days.
Answers: 3
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