3. At the start of the COVID-19 crisis, the economy slowed down significantly. What specific monetary policy actions were available to many Central Banks to boost the economy? (no description is necessary) (1.5 points)

4. You sold T-bill futures contracts when the quoted price was 92.50. When this position was closed out later, the quoted price was 93.00. Determine the profit or loss per contract ($1,000,000), ignoring transaction costs. (show your work) (2 points)