As of June 2013,the consolidated balance sheet of the Federal Reserve System included about ________ in assets.
A) $3.5 trillion
B) $2.0 trillion
C) $1.5 trillion
D) $500 billion

Question

Quizplus · Accepted Answer

As of June 2013, the consolidated balance sheet of the Federal Reserve System included about $3.5 trillion in assets, which consisted mainly of U.S. Treasury securities and mortgage-backed securities. This was a result of the Fed's quantitative easing program aimed at stimulating the economy by lowering interest rates and increasing access to credit.

As of June 2013,the Consolidated Balance Sheet of the Federal