1) Which of the following unprecedented actions did the Federal Reserve take during the most recent financial crisis?

Keeping interest rates high to help improve bank health

Further reducing regulation of the financial industry

Firing all CEOS of bailed-out banks

Lending money at the discount window to nonbanking institutions like brokerage firms

Compensating all investors who lost money in the crisis

2)

What has challenged the banking industry and forced it to undergo changes?

Rapid technological changes

Changes in basic business needs

Changes in consumer needs

The old banking system no longer functions

Political instability

3) During the financial crisis, many large banks saw their capital base grow.

False

True