The Facility That Was Created in December of 2007 That

question 53

Multiple Choice

The facility that was created in December of 2007 that banks can use to borrow from the Fed that has less of a stigma for banks compared to borrowing from the discount window is the

• A)Term Securities Lending Facility.
• B)Term Auction Facility.
• C)Primary Dealer Credit Facility.
• D)Commercial Paper Funding Facility.

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Definitions:

Legislation

The act of making or enacting laws, typically conducted by a legislative body such as a parliament or congress, as a vital component of the governance process.

British Military

The combined armed forces of the United Kingdom, consisting of the Royal Navy, British Army, and Royal Air Force, responsible for the defense of the UK and its overseas territories.

Enlightenment Ideas

Intellectual movements of the 17th and 18th centuries that emphasized reason, individualism, and skepticism towards traditional authority, leading to advances in democracy, human rights, and separation of church and state.

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