Solved

The Fed Sometimes Acts as a Lender of Last Resort

Question 88

Multiple Choice

The Fed sometimes acts as a lender of last resort.This means that


A) individuals can borrow from the Fed when the President declares a national disaster
B) individuals can try to borrow money from the Fed if they are unable to borrow from a bank
C) banks can always go to the Fed for reserves in order to purchase more government bonds
D) banks can always go to the Fed for reserves to meet their obligations to depositors
E) business firms can try to borrow money from the Fed they are unable to borrow from a bank

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents