Grade: College - Page 3

Federal Reserve policymakers cut their short-term interest rate target an aggressive half-point to 2% on Tuesday… This cut was the Fed’s 10th attempt this year to support the U.S. economy, which is still weakening after Sept. 11 attacks. The moves represent some of the most furious rate-cutting in Fed history… Fed officials have now pushed the rate banks charge each other for overnight loans to its lowest level since 1961…Major banks lowered the prime rate in [lockstep] with the Fed, bringing down to 5% from 5.5%. That translates into lower rates for home-equity loans, business loans, and some credit cards. By taking the actions described in the passage above, the Fed was likely trying to: decrease business activity decrease the money supply increase the amount of money that banks must keep in reserves increase business activity

Federal Reserve policymakers cut their short-term interest rate target an aggressive half-point to 2% on Tuesday… This cut was the Fed’s 10th attempt this year to support the U.S. economy, which is still weakening after Sept. 11 attacks. The moves represent some of the most furious rate-cutting in Fed history… Fed officials have now pushed the rate banks charge each other for overnight loans to its lowest level since 1961…Major banks lowered the prime rate in [lockstep] with the Fed, bringing down to 5% from 5.5%. That translates into lower rates for home-equity loans, business loans, and some credit cards. By taking the actions described in the passage above, the Fed was likely trying to: decrease business activity decrease the money supply increase the amount of money that banks must keep in reserves increase business activity

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Allied soldiers in World War II were trapped at Dunkirk, France, and they could not escape because the shallow water kept rescue ships from landing. But hundreds of people in England took rowboats, tugs, and barges across the English Channel. For eight days, this odd navy carried soldiers from the beaches to the large ships. More than 300,000 soldiers were taken to safety. 1 What is the main idea of this passage? A Small ships are better than big ships B Many soldier were saved C Soldiers were rescued from Dunkirk by the English D The big ship could not get into shallow water​

Allied soldiers in World War II were trapped at Dunkirk, France, and they could not escape because the shallow water kept rescue ships from landing. But hundreds of people in England took rowboats, tugs, and barges across the English Channel. For eight days, this odd navy carried soldiers from the beaches to the large ships. More than 300,000 soldiers were taken to safety. 1 What is the main idea of this passage? A Small ships are better than big ships B Many soldier were saved C Soldiers were rescued from Dunkirk by the English D The big ship could not get into shallow water​

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