The Fed Has Been Called "The Lender of Last Resort

question 51

Multiple Choice

The Fed has been called "the lender of last resort" because it

• A) is the biggest bank in the country.
• B) is the only lender to the federal government.
• C) serves as the last place to acquire loans for banks suffering cash management,or liquidity,problems.
• D) a and b
• E) all of the above

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Definitions:

Prejudice

Preconceived opinion or bias against someone or something without sufficient knowledge, thought, or reason.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Anecdotal Evidence

Information based on personal accounts, observations, or stories rather than systematic research.

Miracle Tonics

Alleged remedies or medicines with exaggerated promises of curing health issues, often lacking scientific basis.