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Discuss the role of the Fed as a lender of last resort during the 2007-2009 financial crisis.
Market Interest Rates
The prevailing rates at which borrowers and lenders conduct transactions in the open market.
Buy A Put Option
The purchase of a financial contract allowing the holder to sell a specific amount of an asset at a set price within a specified timeframe.
Interest Rate Cap
A limit on the maximum interest rate increase that can be charged on a variable-rate loan or mortgage.
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