An actor that is committed to making loans to stressed economic actors when market institutions would refuse to do so is called
a. a lender of last resort.
b. a hegemon banker.
c. an institutional lender.
d. a fundamental banker.
a. a lender of last resort.
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If the dollar appreciates, how will aggregate demand in the United States be affected?
A) Aggregate demand will shift to the right as exports increase. B) Aggregate demand will shift to the right as imports increase. C) Aggregate demand will shift to the left as exports increase. D) Aggregate demand will shift to the left as imports increase.
Which of the following must be true in order to engage in advantageous international trade?
a. It must be producing at a point on its production possibilities frontier. b. It must be economically efficient. c. It must have a comparative advantage in producing one of the goods being traded. d. There must be no potential Pareto improvements available in the economy. e. It must have an absolute advantage in producing one good being traded.