Between 12008 and 122009 the monetary base of the Federal Re

Between 1/2008 and 12/2009 the monetary base of the Federal Reserve System increased by over 200%. T or F?

True: Between 1/2008 and 12/2009 the monetary base of the Federal Reserve System increased by over 200%.

Reason:

Federal reserve system increased because they purchased assets during recession, is was done for infusing liquidity in monetary system.