asked 184k views
5 votes
In 2008, Federal Reserve Chairman Ben Bernanke made credit more available within the U.S. financial system by loaning money to banks. This action was to encourage a(n)

contraction

expansion

peak

trough

2 Answers

2 votes

Answer:

B: Expansion

Step-by-step explanation:

answered
User Amir Nissim
by
7.3k points
4 votes
In 2008, Federal Reserve Chairman Ben Bernanke made credit more available within the U.S. financial system by loaning money to banks. This action was to encourage an expansion. The correct option among all the options that are given in the question is the second option. I hope it helps you.
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