In March 2008,the Fed announced that primary dealers wold be eligible to receive discount loans.

Question

Quizplus · Accepted Answer

This statement is true. In March 2008, the Federal Reserve announced that it would allow primary dealers (which are financial institutions that trade securities with the Fed) to borrow from the Fed's discount window. This was part of the Fed's efforts to address liquidity problems in the financial markets during the global financial crisis.

In March 2008,the Fed Announced That Primary Dealers Wold Be