(Consider This)During and Immediately Following the Severe Recession of 2007-2009,on

(Consider This) During and immediately following the severe recession of 2007-2009,on the consolidated balance sheet of the 12 Federal Reserve Banks:

A) commercial bank reserves grew significantly because the Fed increased the required reserve ratio.
B) liabilities fell significantly as commercial banks drained reserve accounts to meet their own deposit liabilities.
C) assets fell significantly as a result of heavy withdrawals from commercial banks.
D) assets grew significantly from Fed purchases of securities from financial institutions.

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