Although the Federal Reserve had traditionally made discount loans only to commercial banks,in response to to the financial crisis in 2008 the Fed made ________ eligible for discount loans as well.

Question

Quizplus · Accepted Answer

In response to the financial crisis in 2008, the Federal Reserve made primary dealers, which are broker-dealers who trade government securities with the Fed on behalf of themselves and customers, eligible for discount loans as well.

Although the Federal Reserve Had Traditionally Made Discount Loans Only