The Federal Reserve System and Open Market Operations_ Ask FRED The accompanying graph depicts the value of mortgage-backed securities held by the Federal Reserve over time. ALFRED IlMorgage-backed securities held by the Federal Reserve: All Maturities Vintage 2018-02-08 1,800,000 1,600,000 1,400,000 1,200,000 O 1.000,000 800,000 600,000 400,000 200,000 -200,000 2004 2006 2008 2010 2012 2014 2016 2005 Source: Board of Governors of the Federal Reserve System (US) b. What was the value of mortgage-backed securities did the Fed hold in 2016? Enter your answer in millions of dollars million

Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: The Monetary System
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The Federal Reserve System and Open
Market Operations_ Ask FRED
The accompanying graph depicts the
value of mortgage-backed securities held
by the Federal Reserve over time.
ALFRED IlMorgage-backed securities held by the Federal Reserve: All
Maturities Vintage
2018-02-08
1,800,000
1,600,000
1,400,000
1,200,000
O 1.000,000
800,000
600,000
400,000
200,000
-200,000
2004
2006
2008
2010
2012
2014
2016
2005
Source: Board of Governors of the Federal Reserve System (US)
b. What was the value of mortgage-backed securities did the Fed hold in 2016?
Enter your answer in millions of dollars
million
Transcribed Image Text:The Federal Reserve System and Open Market Operations_ Ask FRED The accompanying graph depicts the value of mortgage-backed securities held by the Federal Reserve over time. ALFRED IlMorgage-backed securities held by the Federal Reserve: All Maturities Vintage 2018-02-08 1,800,000 1,600,000 1,400,000 1,200,000 O 1.000,000 800,000 600,000 400,000 200,000 -200,000 2004 2006 2008 2010 2012 2014 2016 2005 Source: Board of Governors of the Federal Reserve System (US) b. What was the value of mortgage-backed securities did the Fed hold in 2016? Enter your answer in millions of dollars million
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