3. At the start
of the COVID-19 crisis, the economy slowed down significantly. What
specific monetary policy actions were available to many Central
Banks to boost the economy? (no description is necessary)
(1.5 points)
4. You sold
T-bill futures contracts when the quoted price was 92.50. When this
position was closed out later, the quoted price was 93.00.
Determine the profit or loss per contract ($1,000,000), ignoring
transaction costs. (show your work) (2 points)
3. At the start of the COVID-19 crisis, the economy slowed down significantly. What specific monetary policy actions we
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