Determine whether each facility listed below was a liquidity facility or credit facility used by the Fed during the $2020$ Covid$-19$ pandemic.

Name and Description of Facility

Facility Type

Primary Market Corporate Credit Facility:

The Fed made loans to corporations in the form of newly issued bonds.

Secondary Market Corporate Credit Facility:

The Fed bought firms' investment grade bonds in the secondary market.

Main Street New Loan Facility:

The Fed provided small$-$ and medium$-$sized businesses four$-$year loans.