Fixing the insolvency problem caused by the Great Recession, the U.S. Federal Reserve as reluctant to purchase toxic assets from banks because:

a. It would transfer the problem to the Federal Reserve but might not solve the underlying causes.
b. Toxic security purchases had to be funded, and the Fed already had a major debt problem.
c.The Fed could be accused of nationalizing the U.S. financial system.
d. All of the above.


.A

Economics

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