Blair madison co. issues $1.9 million of new stock and pays $281,000 in cash dividends during the year. in addition, the company took advantage of falling interest rates to borrow $1.59 million in a new bond issue and paid off existing bonds with a face value of $2.45 million. the company bought 509 of another company's $1,090 bonds at a $109,000 premium. the net cash flow provided by financing activities is:

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.