Explanation:
During the 2007-2008 financial crisis, the U.S. government and the Federal Reserve implemented several major interventions. The Term Auction Facility (TAF) was created in 2007 to provide liquidity to banks, the Economic Stimulus Act was passed in early 2008 to boost the economy, and the Primary Dealer Credit Facility (PDCF) was established to provide overnight loans to primary dealers. All of the listed options were actual government interventions.
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Q.97 In response to the 2007/2008 financial crisis, the Federal Reserve (Fed) and other central banks globally devised liquidity injection services. In the time gap between 2007 and the end of 2008, the Fed blocked some asset groups that were affected by financial crisis stress. In addition, the government came to the rescue of some of the affected financial institutions. Which of the following is among the government interventions in the US during the crisis?
A
The Primary Dealer Credit Facility (PDCF).
B
The Economic Stimulus Act of February 2008.
C
The Term Auction Facility of 2007.
D
All of the above.