Seasonal credit provided by the Fed is not as common as it used to be because:
A) There are fewer banks in seasonal areas
B) Other sources for long-term loans have developed for banks in seasonal areas
C) Seasonal credit has been replaced by secondary credit
D) Seasonal credit is being replaced by primary credit
Correct Answer:
Verified
Q39: Discount lending ties into the Fed's function
Q40: The daily reserve supply curve is:
A)Upward sloping
B)Downward
Q41: The European Central Bank's Marginal Lending Facility
Q42: To minimize the cost of holding reserves
Q43: Today, reserve requirements are:
A)Set in a way
Q45: The Fed is reluctant to change the
Q46: The interest rate on primary credit extended
Q47: The reserve requirement is applied to two-week
Q48: The weekly refinancing by the European Central
Q49: The interest rate on primary credit extended
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