The Concept of "Lender of Last Resort" Is That When

question 37

Multiple Choice

The concept of "lender of last resort" is that when

• A)lending decreases, the Fed will be the last to resort to higher interest rates.
• B)borrowing increases, the Fed will be the last to increase lending.
• C)commercial banks are hesitant to lend, the Fed will step in and increase reserves.
• D)a borrower has tried everyone else, the Fed will lend directly to them.

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Definitions:

Phone Reception

The quality of the signal received by a mobile phone, affecting its ability to make or receive calls and access data.

Interruptions

Disruptions or pauses in the flow of communication or work, often causing delays or the need for adjustment.

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Anything that diverts attention away from the intended focus, often leading to a decrease in productivity or quality of work.

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