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1) Between February 2020 and April 2020, the monetary base of the United states Economy (not seasonally adjusted) increased from under $1 trillion to over

1) Between February 2020 and April 2020, the monetary base of the United states Economy (not seasonally adjusted) increased from under $1 trillion to over $8 trillion. This is due to the massive buying of assets by the Federal Reserve.

TRUE OR FALSE?

2) Use data from the St. Louis Fed on Commercial and Industrial Loans, All Commercial Banks (not seasonally adjusted) Commercial and industrial loans have declined by over $500 billion dollars between October 2019 and March 2020.

TRUE OR FALSE?

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