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Why Is the Fed Referred to as the "Lender of Last

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Why is the Fed referred to as the "lender of last resort"?


Definitions:

Court-ordered Injunction

A legal order issued by a court that requires a party to do or to refrain from doing specific acts.

Economic Upturn

A period of improving economic performance, characterized by increased business activity, employment, and consumer spending.

Acrid Smell

A sharp, biting, or stingingly bitter smell, often associated with the odor of burning or chemical substances.

Environmental Laws

Laws and regulations designed to protect the environment from harm caused by human activities, ensuring sustainable and safe natural environments.

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