Which government action is usually tried first in a financial crisis?
A) changing the reserve requirement
B) bailout
C) lender of last resort
D) none of the above

Question

Quizplus · Accepted Answer

The "lender of last resort" function, typically performed by central banks, is often the first action taken in a financial crisis to provide liquidity to financial institutions and stabilize the financial system.

Which Government Action Is Usually Tried First in a Financial