Answers AFC Personal Financial Literacy and Economics S2 Banking and Financial InstitutionsQuestion 8

8

QuizMultiple Choice

Banking and Financial Institutions

Question 8 • AFC Personal Financial Literacy and Economics S2

Why does the Fed sometimes increase interest rates?

Answer

A

to help more people get loans and become borrowers

B

to speed up the economy and help it grow quickly

C

to prevent banks from making profits that are too large

D

to slow inflation by stopping the economy from growing too fast

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