The Bank of Canada is said to be the "lender of last resort" in that

Select one:

a. it stands ready to "bail out" any chartered bank that it has decided should not fail.

b. it makes loans to individuals whom commercial banks do not believe are credit-worthy.

c. it charges a higher interest rate to borrowers than does any other bank.

d. it functions as the government's bank only when commercial banks fail to do so.