Which of the following is true of the U.S. central bank (the Fed) crisis response over the past two decades (circle all that apply)?

1. The Fed served as a lender of last resort for commercial banks
2. The Fed introduced facilities to provide lending to investment banks during the 2008 crisis
3. The Feds responded to the COVID crisis by opening up liquidity facilities for banks, non-financial businesses, and municipalities
4. The Federal Reserve Bank of New York rescued Lehman Brothers in an effort to prevent a financial system collapse in 2008