Which of the Following Is a Lender of Last Resort

question 24

Multiple Choice

Which of the following is a lender of last resort for credit unions?

• A)National Credit Union Administration
• B)U)S. Central Credit Union
• C)state central credit unions
• D)the Central Liquidity Facility

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Definitions:

Consolidated Revenues

The total revenue generated by a corporation and its subsidiaries, reported as one amount in the consolidated financial statements.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and typically to receive dividends.

Fair Value

The estimated market price of an asset or liability, based on current market conditions and arm’s length transactions, used for financial reporting purposes.