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When the Fed Acts as a "Lender of Last Resort

Question 159

Multiple Choice

When the Fed acts as a "lender of last resort," as it did in the ﬁnancial crisis of 2007-2008, it is performing its role of

A) controlling the money supply.
B) setting the reserve requirements.
C) being a bankers' bank.
D) providing for check clearing and collection.

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