29.

Who among the following underwrite new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets?

Mortgage lenders

Microfinancers

Subprime lenders

Local bankers

Investment bankers

30.

Which of the following actions did the Federal Reserve Board take to stabilize the financial environment after the financial markets collapsed in 20072008?

It chose to not buy troubled assets from banks.

It lent money at the discount window to nonbanks.

It ensured that the markets in commercial paper and other securities that were not functioning properly ceased to function.

It began to charge interest on reserves banks.

It increased the interest rate to help banks regain their health.