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The Federal Reserve System was set up in 1907 and was referred to as a lender of last resort because Blank______. Multiple choice question. it

The Federal Reserve System was set up in 1907 and was referred to as a "lender of last resort" because Blank______. Multiple choice question. it could borrow money from banks it charged a high rate of interest it charged a low rate of interest it could lend money to banks

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