Question

In March 2020, the Federal Reserve announced that it was __________ the reserve requirement to __________...

In March 2020, the Federal Reserve announced that it was __________ the reserve requirement to __________ in an effort to support lending to households and businesses.

Group of answer choices

lowering / 5 percent

raising / 10 percent

lowering / zero percent

raising / 12 percent

0 0
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Answer #1

Option 3 is the correct answer.

lowering / zero percent

In March 2020, the Federal Reserve announced that it was lowering the reserve requirement to zero percent in an effort to support lending to households and businesses.

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