Moving to another question will save this response. Question 4 When the Fed Discount Rate drops: O a. it is in response perceived inflationary pressures. b. it leads to higher treasuries trading activities initiated by the FOMC. O c. homeowners may likely have more opportunities to refinance their mortgages. O d. it is a signal for that the economy is recovering from a recession. O e. it is the result of increasing expected inflation rate. 4 A Moving to another question will save this response. VPN