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the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy
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10 votes
the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy

User Jtabuloc
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1 Answer

17 votes
17 votes

Step-by-step explanation:

it makes it cheaper for banks to get money from the federal reserve

in return they can offer loans with less interest to customers such as those who buy homes

User Foghorn
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