1) Which of the following unprecedented actions did the FederalReserve take during the most recent financial crisis?
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Keeping interest rates high tohelp improve bank health |
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Further reducing regulation ofthe financial industry |
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Firing all CEOS of bailed-outbanks |
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Lending money at the discountwindow to nonbanking institutions like brokerage firms |
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Compensating all investors wholost money in the crisis |
2)
What has challenged the banking industry and forced it toundergo changes?
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Rapid technologicalchanges |
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Changes in basic businessneeds |
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Changes in consumer needs |
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The old banking system nolonger functions |
3) During the financial crisis, many large banks saw theircapital base grow.
Answers
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