In the United States,the lender of last resort is
A) Fannie Mae.
B) the Federal Reserve.
C) the Federal Deposit Insurance Corporation.
D) the Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The lender of last resort in the United States is the Federal Reserve. The Fed is authorized to lend money to banks and other financial institutions during times of financial distress to prevent a collapse of the banking system. Fannie Mae, the FDIC, and the SEC all have specific functions related to regulating or insuring certain aspects of the financial system, but they are not the lender of last resort.

In the United States,the Lender of Last Resort Is