
Fed Opens Main Street Program for Lender Registration
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Business
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University
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Practice Problem
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the Boston Fed in the Main Street program?
To administer the program and register banks
To set interest rates for the loans
To offer grants to small businesses
To provide direct loans to businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum number of employees a business can have to qualify for the Main Street program?
10,000 employees
20,000 employees
5,000 employees
15,000 employees
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the range of loan amounts available through the Main Street program?
$500,000 to $400 million
$100,000 to $200 million
$250,000 to $300 million
$1 million to $500 million
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the loans will the Fed purchase in the Main Street program?
100%
95%
75%
50%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a concern regarding the Main Street program?
The application process is too complex
It only targets large corporations
It may be too little, too late
The interest rates are too high
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