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Which of the Following Statements Is Most Correct

Question 20

Multiple Choice

Which of the following statements is most correct?


A) Discount loans are initiated by the Federal Reserve.
B) Discount loans are made when banks need relatively small amounts of cash for the long term.
C) Discount loans are made when banks need relatively large amounts of cash for the long term.
D) Discount loans are made when banks need relatively small amounts of cash for the short term.

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