When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
A. providing for check clearing and collection.
B. being the bankers' bank.
C. controlling the money supply.
D. setting the reserve requirements.
Answer: B
You might also like to view...
What is an entrepreneur?
What will be an ideal response?
The measured unemployment rate will be understated when
A) unemployed workers become discouraged and drop out of the labor market. B) unemployed people that are not actively looking for a job are not counted as part of the labor force C) people pretend to be looking for a job D) All of these.
An extremely deep and long period of negative economic growth is most accurately called:
a) Deflation. b) Inflation. c) A recession. d) A depression.
The labor force participation rate among women 25 to 54 ________ between 1950 and 2000.
A. fell dramatically B. stayed relatively constant C. rapidly vacillated D. rose dramatically