Although the Federal Reserve had traditionally made discount loans only to ________,in response to the financial crisis in 2008 the Fed made primary dealers eligible for discount loans as well.
A)commercial banks
B)government agencies
C)investment banks
D)mortgage lenders

Question

Quizplus · Accepted Answer

The Federal Reserve traditionally made discount loans primarily to commercial banks. In response to the financial crisis in 2008, it expanded eligibility to include primary dealers, which are not limited to commercial banks but can include other financial institutions.

Although the Federal Reserve Had Traditionally Made Discount Loans Only