The discount window provides:
A. guaranteed emergency funds for banks in trouble at a lower interest rate than others.
B. guaranteed emergency funds for banks in trouble at a higher interest rate than federal funds rate.
C. loans to banks at low interest rates, only when the economy is doing well.
D. loans to banks at low interest rates, so they can lend more money out to the public.
Answer: B
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Indicate whether the statement is true or false
Explain why real GDP might be an unreliable indicator of the standard of living
What will be an ideal response?
Other than OPEC, the shortage of gasoline in the U.S. in the 1970s could also be blamed on
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