Why is the Federal Reserve referred to as the lender of last resort?

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Why is the Federal Reserve referred to as the “lender of last resort”?

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3E Economics

ISBN: 9781292411019

3rd Global Edition

Authors: Daron Acemoglu, David Laibson , John List

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Question Posted: Nov 16, 2024 05:00 AM

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Why is the Federal Reserve referred to as the lender of last resort?
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Why is the Federal Reserve referred to as the lender of last resort?

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3E Economics

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