(Consider This)During and Immediately Following the Severe Recession of 2007-2009,on

question 193

Multiple Choice

(Consider This) During and immediately following the severe recession of 2007-2009,on the consolidated balance sheet of the 12 Federal Reserve Banks:

• A) commercial bank reserves grew significantly because the Fed increased the required reserve ratio.
• B) liabilities fell significantly as commercial banks drained reserve accounts to meet their own deposit liabilities.
• C) assets fell significantly as a result of heavy withdrawals from commercial banks.
• D) assets grew significantly from Fed purchases of securities from financial institutions.

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