Attempts $$ Average $/2$

$5.$ The Fed's role in the credit crisis of $2008$

Quantitative easing is an example of $$ monetary policy, which is generally used when interest rates are $$ zero.

During the $2008$ credit crisis, $q,$ defaulted on commercial paper that it issued, causing investors to be concerned about more firms defaulting on their commercial paper issuances. Because investors were concerned about consumers defaulting on these loans, the $$ market became inactive. As a result, the Federal Reserve engaged in

$q,$ commercial paper to $$ liquidity in the market for these securities$.$ by