W4 Q14

Which of the following statements is true as a result of Federal Reserve efforts to rescue the financial industry from the financial crisis of 2007-2008?

Multiple Choice

• From February 2008 to May 2009, the Fed oversaw the consolidation of 20 major financial institutions into fewer than a dozen.
• From March 2008 to February 2009, the Fed experienced a 50 percent decline in the value of assets held.
• From February 2008 to March 2009, Fed assets more than doubled to nearly $2 trillion.
• From February 2008 to March 2009, Fed lending caused the U.S. public debt to rise by over $1 trillion.