K 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. Commercial Paper Funding Facility: The Fed used this facility to buy commercial paper directly from corporations. Facility for Foreign and International Monetary Authorities: The Fed exchanged Treasury bonds held abroad for dollars as needed