When Uncle Sam died in 2019, he left his estate to his ungrateful cousin, Brian. Sam’s cost basis in his property was $1.5 million, but, due to turbulent political and economic times, it was only worth $0.5 million at his death. Sam had reinvested approximately $250,000 of dividends during his holding period, and his estate paid $500,000 in transfer taxes at his death. What is Brian’s basis in the property?

$11,000 is the answer you are looking for

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.