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20The Federal Reserve conducted the policy of quantitative easing primarily when The federal funds rate was too erratic to be controlled the federal funds rate

20The Federal Reserve conducted the policy of quantitative easing primarily when

  1. The federal funds rate was too erratic to be controlled
  2. the federal funds rate was close to zero
  3. the federal funds rate was relatively high
  4. the federal funds rate was very sensitive to the change in the money supply

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