3. Which of the following BEST describes the Bagehot Principle? O In times of crisis, insist on market valuation of all collateral, and for safety lend only a fraction of that value O In times of crisis, lend freely at a low rate to prevent insolvent borrowers from failing O Raise interest rates in booms, and lower them in recessions, to stabilize aggregate income ) In times of crisis, lend freely at a high rate against good security ()In times of crisis, lend selectively at market rates, but only to those who you think will survive