In the current U.S. economy, who plays the role of lender of last resort?

Question

Quizplus · Accepted Answer

The Federal Reserve System serves as the lender of last resort in the U.S. economy by providing loans and liquidity to financial institutions during times of economic crisis. The Securities and Exchange Commission oversees financial markets and enforces regulations, but does not provide financial assistance. The Federal Deposit Insurance Corporation insures deposits in banks and provides stability to the banking system, but does not directly lend money. The Social Security Administration provides retirement and disability benefits, but does not play a role in the lending or banking sectors.

In the Current U