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Why Are Banks Reluctant to Borrow at the Discount Window

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Why are banks reluctant to borrow at the discount window?


Definitions:

Personal Fable

A cognitive distortion in adolescents leading them to believe that they are unique, invincible, and not subject to the rules that govern others’ behavior.

Invincibility Fable

A cognitive bias often observed in adolescents and young adults, where they believe they are immune to the dangers and risks that affect others.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, or both sexes. It also refers to a person's sense of identity based on those attractions and related behaviors.

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