Question 10 When the Fed steps in during a recession and adds money to make sure businesses can get loans, we say it is acting in its function as: O Liquidity Manager O Commercial bank Supervisor Open Market Supervisor O Lender of Last Resort

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 12CQ
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Question 10
When the Fed steps in during a recession and adds money to make sure businesses can get loans, we say it is acting in its
function as:
O Liquidity Manager
O Commercial bank Supervisor
O Open Market Supervisor
O Lender of Last Resort
Transcribed Image Text:Question 10 When the Fed steps in during a recession and adds money to make sure businesses can get loans, we say it is acting in its function as: O Liquidity Manager O Commercial bank Supervisor O Open Market Supervisor O Lender of Last Resort
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