The Federal Reserve Interest Rate Freeze Quiz
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Questions and Answers

When was the last time the Federal Reserve froze the interest rate?

  • Last year
  • Last month
  • Last spring (correct)
  • Last week

What was the interest rate set by the Federal Reserve during its meeting in May?

  • 5.5 percent
  • 5.25 percent (correct)
  • 6 percent
  • 5 percent

What are the reasons mentioned in the text that led the governors of the Central Bank to stop raising the interest rate?

  • Declining inflation and economic recovery
  • Declining inflation, encouraging job rates, and economic recovery (correct)
  • Encouraging job rates and economic recovery
  • Declining inflation and encouraging job rates

What is the duration of the unprecedented inflation mentioned in the text?

<p>Four decades (D)</p> Signup and view all the answers

What did the Federal Reserve decide to do regarding deposit insurance?

<p>Reduce it (A)</p> Signup and view all the answers

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