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

(Consider This) During and immediately following the severe recession of 2007-2009,commercial bank reserves held on deposit in Federal Reserve Banks:

A) rose to a high of 50 percent of total checkable deposits held by banks.
B) fell significantly as commercial banks withdrew reserves to pay off heavy debt obligations.
C) increased significantly because of Fed purchases of securities from commercial banks and the paying of interest on bank reserves.
D) increased significantly because the Fed increased the required reserve ratio.

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