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When a temporarily illiquid bank which is otherwise in good financial condition borrows money from the Fed in an attempt to prevent a loss of
When a temporarily illiquid bank which is otherwise in good financial condition borrows money from the Fed in an attempt to prevent a loss of confidence in the bank or in other banks, this is an example of the Fed A. acting as the government's fiscal agent. B. acting as the lender of last resort. C. intervening in currency markets. D. conducting monetary policy
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