The Creation of a Lender of Last Resort in the United

question 38

Multiple Choice

The creation of a lender of last resort in the United States

• A)occurred in response to banking panics.
• B)was mandated in the U.S. Constitution.
• C)occurred in response to the S&L crisis of the 1980s.
• D)has been recommended by the Treasury in its report of late 1992.

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Definitions:

Low Self-esteem

A condition characterized by a lack of confidence and feeling badly about oneself, which can impact one's overall mental health and quality of life.

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