In its original role as lender of last resort, the Fed was supposed to:
a. provide mortgage money for the poor
b. keep the money supply from drying up during economic panics.
c. lend money to people in localities not served by commercial banks.
d. lend money to developing nations whose own central banks had failed.
b
Economics
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a. True b. False Indicate whether the statement is true or false
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Trade between countries that is without restrictions is called
A) unobstructed commerce. B) unabated trade. C) free trade. D) unencumbered trade.
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