ACTIVITY: Look over the following article and then answer the following questions:

Article:

https://www.stlouisfed.org/on-the-economy/2020/june/impact-feds-response-covid19

1. By how much have assets changed since Feb 2020 according to the article?
2. What were the 3 key components of assets that led to the change?  (give $ figures as well
3. Since assets equal liabilities, liabilities have also changed.  What were the 2 key components of liabilities that have changed? (give $ figure as well)
4. What does the article say about the US public debt, especially about public vs. non-public holdings of the debt?