Federal Reserve Makes Changes To Main Street Lending Program

Federal Reserve Makes Changes To Main Street Lending Program

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

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.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Main Street Lending Program?

To assist small and medium-sized businesses affected by the pandemic

To provide loans to individuals

To fund government projects

To support large corporations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new maximum loan amount under the Main Street Lending Program?

$200 million

$350 million

$250 million

$300 million

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long are the loan terms extended to under the new changes?

Six years

Five years

Four years

Three years

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the Federal Reserve Chairman mentioned in the transcript?

Alan Greenspan

Janet Yellen

Ben Bernanke

Jerome Powell

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new repayment period for the loans?

Four years

One year

Three years

Two years