Question

What emergency actions did the federal reserve undertake to help prevent a broader global financial crisis during the covid-19 pandemic? gov 312l

Answer 1

They Kept the credit following to keep the limit to prevent economic damage

What would you say is credit? Credit can represent many different things in the realm of finance, but it is typically understood as a contract where a borrower receives money or something valuable and agrees to pay the lender back at a later time, usually with interest. The term "credit" can also refer to someone or something's creditworthiness or credit history. It frequently refers to a bookkeeping item that lowers assets or raises liabilities and equity on a company's balance sheet, according to accountants. A social relationship between a creditor (lender) and a borrower is the fundamental component of credit (debtor). The borrower accepts the obligation to repay the lender, frequently plus interest, or face financial or legal repercussions.

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