Question

How did the Federal Reserve attempt to avert the complete collapse of the financial system

during the financial crisis of 2008?
It ordered commercial banks to stop making loans.
It encouraged the development of a credit crunch.
It loaned trillions of dollars to financial institutions.
• It closed all commercial banks for four days.
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Answer 1

Answer:It loaned trillions of dollars to financial institutions.

Step-by-step explanation:

Answer 2

It loaned trillions of dollars to financial institutions that allowed them to stay in business and not have to shut down, which would have led to a complete collapse of the financial system.