According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply
The money supply became less liquid.
Consumer spending increased dramatically
Lending and credit stopped
Banks were too easily able to fulfill consumer demands for loans.
It was difficult for banks to receive the loans needed to have cash required to function
Your answers will be "The money supply became less liquid", "Lending and credit stopped", and "It was difficult for banks to receive the loans needed to have cash required to function".
