Federal Reserve Makes Changes To Main Street Lending Program

Federal Reserve Makes Changes To Main Street Lending Program

Assessment

Interactive Video

Business

University

Hard

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The video discusses a program aimed at helping small and medium-sized businesses affected by the coronavirus pandemic. The program has adjusted its loan terms, lowering the minimum and raising the maximum loan amounts, and extending the loan terms to five years. The Federal Reserve Chairman, Jerome Powell, emphasizes the importance of supporting businesses to aid economic recovery. Additionally, the Fed has delayed the repayment period and interest for loans.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes were made to the loan minimum and maximum amounts in the program?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How long are the new loan terms for the program?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the new range of loan sizes available under the program?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Jerome Powell say about supporting small and mid-sized businesses?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the new repayment period for the loans?

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