Which organization functions as a lender of last resort for national governments?
A) the International Monetary Fund B) the World Bank
C) the Federal Reserve Bank D) the U.S. Treasury
A
Economics
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Explain how comparing two-earner and one-earner households can be used to illustrate the problem of using money income as a measure of well-being
What will be an ideal response?
Economics
The concept of "lender of last resort" is that when
a. lending decreases, the Fed will be the last to resort to higher interest rates. b. borrowing increases, the Fed will be the last to increase lending. c. commercial banks are hesitant to lend, the Fed will step in and increase reserves. d. a borrower has tried everyone else, the Fed will lend directly to them.
Economics