Search Header Logo
Federal Reserve Announces Interest Rate Cuts Amid Coronavirus Outbreak

Federal Reserve Announces Interest Rate Cuts Amid Coronavirus Outbreak

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The Federal Open Market Committee has reduced interest rates by 0.5% to a target range of 1.25% in response to the coronavirus outbreak. This decision aims to support the US economy amidst new risks and to prevent financial tightening. The outbreak has significantly affected businesses, especially in Asia, and caused global market declines. The committee hopes the rate cut will boost confidence among households and businesses.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What prompted the Federal Open Market Committee to cut interest rates?

The coronavirus outbreak

An increase in oil prices

A decrease in unemployment

A rise in inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much did the Federal Reserve cut the interest rates?

1% percentage points

0.5% percentage points

0.25% percentage points

1.5% percentage points

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region's businesses are particularly affected by the coronavirus outbreak?

Asia

Africa

North America

Europe

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the impacts of the coronavirus on global markets?

Rise in global trade

Increase in stock prices

Stability in the Dow

Tumble in the Dow

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the committee hope to achieve with the rate cut?

Decrease in government spending

Boost in household and business confidence

Tightening of financial conditions

Increase in taxes

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?