What does “lender of last resort” mean with respect to the federal reserve?
a. it will lend m...
Social Studies, 12.10.2019 15:50 Tyjon16
What does “lender of last resort” mean with respect to the federal reserve?
a. it will lend money to a bank in a financial emergency.
b. it makes decisions about who a bank can lend money to.
c. it decides interest rates for interbank loans.
d. it has the power to decide how much money a bank can lend out.
Answers: 1
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