Federal Reserve Cuts Interest Rates To Almost Zero

The video discusses the Federal Reserve's measures to support the economy during the coronavirus pandemic, including a $700 million bond purchase. These actions, along with state government shutdowns, contributed to a significant drop in the stock market, with the S&P 500 and Dow Jones experiencing major declines. The coronavirus, classified as a pandemic, has infected over 3,800 U.S. citizens, with 69 fatalities reported. Despite the challenges, some patients have recovered.

What action did the Federal Reserve take to address economic concerns during the coronavirus pandemic?

• Implemented new trade tariffs

• Bought $700 million worth of bonds

• Increased interest rates

• Decreased taxes

What was one of the consequences of the Federal Reserve's actions on the stock market?

• The stock market rose significantly

• The S&P 500 fell 8% at the opening bell

• The Dow Jones increased by 9.7%

• Foreign markets remained stable

Which index experienced a 9.7% drop at the opening?

• NASDAQ

• S&P 500

• Dow Jones

• FTSE 100

What measure did state governments take to prevent the spread of the coronavirus?

• Increased public gatherings

• Reduced healthcare funding

• Shut down businesses

• Opened international borders

As of the report, how many U.S. citizens were infected by the coronavirus?

• Over 5000

• Over 3800

• Over 1000

• Over 2000