In the United States, the lender of last resort is
A)Fannie Mae.
B)the Federal Reserve.
C)the Federal Deposit Insurance Corporation.
D)Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The lender of last resort in the United States is the Federal Reserve. This means that the Federal Reserve is responsible for providing emergency loans to banks or other financial institutions in case of a financial crisis or liquidity shortage. The other options, Fannie Mae, the Federal Deposit Insurance Corporation, and the Securities and Exchange Commission, have different roles in the financial industry but are not responsible for acting as the lender of last resort.

In the United States, the Lender of Last Resort Is