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The assumption that reserves are scarce
A) was accurate prior to the financial crisis of 2007-2009 but not following the crisis.
B) was accurate following the financial crisis of 2007-2009 but not prior to the crisis.
C) was accurate prior to and following the financial crisis of 2007-2009.
D) was not accurate prior to or following the financial crisis of 2007-2009.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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