According to this Application, the Fed responded to the financial crisis by continuing to develop new programs. One example of this was its announcement that it would now purchase commercial paper, which is the short-term debt of corporations
This is an example of the Fed acting as a
A) unit of account. B) store of value.
C) medium of exchange. D) lender of last resort.
D
Economics
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Discuss some of the reasons why economists are concerned about the current recovery from the global financial crisis
What will be an ideal response?
Economics
President Jackson's reasons for vetoing the recharter of the Second Bank of the United States did not include
a. fears that the bank was nearing insolvency. b. questions of constitutionality. c. concerns over foreign ownership. d. fears that the bank could undo democracy itself.
Economics