Although the Federal Reserve had traditionally made discount loans only to ________, in response to the financial crisis in 2008 the Fed made primary dealers eligible for discount loans as well
A) commercial banks
B) government agencies
C) investment banks
D) mortgage lenders
Answer: A
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The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________
A) the fed funds rate B) the discount rate C) asymmetric information D) the credit spread
The motives of accountants and their clients are not free of conflicts
Indicate whether the statement is true or false
Macroeconomics is concerned with studying the
A) behavior of individual decision makers. B) performance of the economy as a whole. C) prices of specific companies' stocks. D) wants of individual consumers.
A large country can gain from imposing a tariff on the import of a good if
A. the part of the tariff paid by the foreign exporters is greater than the losses arising from the production and consumption effects of the tariff in the domestic market B. the tariff is high enough that the country becomes an exporter of the product. C. the tariff drives the quantity imported to zero. D. the tariff revenue collected by the domestic government is equal to the losses caused by the production and consumption effects of the tariff.