Use the drop-down menus to complete each sentence. a notable action taken by the fed during the financial crisis of 2008 was carrying out open market operations, which was intended to lower the . the actions taken by the fed have immediate positive results, despite the fact that the federal funds rate reached nearly .

The Fed’s decisions on these two questions affect practically every aspect of your financial life, from your job market opportunities to the rates you pay on mortgages and car and consumer loans. They also affect the investment returns you receive from certificates of deposit, savings accounts and even equity holdings.

Based on the Fed's actions in 2008, the following are true:

Both of these measures were meant to reduce short term interest rates which would have hopefully inspired people to borrow and both consume and invest more in the economy. The results were not immediate and took some time.

Find out more about the Great Recession at link.