Following the 2001 Recession, the Fed. Res. Dropped the target for Fed Funds down to During the Great Recession, the Fed, Res, changed the target to the same rate in A. 0.5%, September 2008 , B. 1.0%, December 2008 C. 0%0.25%, December 2008 D. 1.0%, October 2008 2.) Following the failure of the Primary Dealer Credit Facility A. Lehman brothers; primarily aimed at enhancing credit conditions by directly purchasing three - month commercial paper from eligible issuers of commercial paper. B. Bear stearns enabled primary dealers to borrow government securities from New York fed. C. Lehman brothers; was a facility primarily aimed at enhancing credit by providing discount window funds collateralized by commercial paper at the federal reserve bank of New York. D. Bear stearns; established a discount window for the primary dealers of the federal reserve system 3.) At what point did delinquency rates on single family residential mortgages rise above their peak during the 2001 Recession? A. The fourth quarter of 2005 B. The third quarter of 2003 C. The third quarter of 2007 D. The first quarter of 2008