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Which of the following statements regarding Quantitative Easing (QE) is correct? a. The Federal Reserve conducted open market operations to lower the primary credit rate.

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Which of the following statements regarding Quantitative Easing (QE) is correct? a. The Federal Reserve conducted open market operations to lower the primary credit rate. b. The Federal Reserve purchases large amounts of treasury securities and mortgage-backed securities in order to expand economic activity. c. The Federal Reserve conducted open market operations to lower the fed funds rate. d. The Federal Reserve sells large amounts of treasury securities and mortgage-backed securities in order to expand economic activity. e. It is a conventional monetary policy conducted by the Federal Reserve

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