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In the fall of 2008, the Federal Reserve implemented several measures to provide liquidity to financial markets that had frozen up as a result of
In the fall of 2008, the Federal Reserve implemented several measures to provide liquidity to financial markets that had frozen up as a result of the financial crisis. The liquidity facilities introduced by the Federal Reserve in response to the crisis created a large quantity of excess reserves at DIs. This has promoted the flow of credit to firms and households. True or False?
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