If the Lender of Last Resort Function of the Government

question 93

Multiple Choice

If the lender of last resort function of the government is to be effective in working to minimize a crisis, it must be:

• A) reserved only for those banks that are most deserving.
• B) used on a limited basis.
• C) credible, with banks knowing they can get loans quickly.
• D) only available during economic downturns.

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Definitions:

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A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by intellectual disability, distinctive facial features, and other health issues.

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