1. How did the asset holdings of the Federal Reserve change after the first round of Quantitative Easing (QE) in 2009?

(A) They decreased by approximately 75% [fell by 3/4]

(B) They increased by approximately 25% [increased by 1/4]

(C) They decreased by approximately 50% [fell by 1/2]

(D) They increased by approximately 100% [doubled]

2. After the COVID-19 Pandemic (2020), the Federal Reserve did not continue to purchase risky assets (QE) after the recession had concluded, in contrast to the Financial Crisis (2007-2009) where the Federal Reserve continued to purchase risky assets after the recession had concluded.

(A) True

(B) False