What does "lender of last resort" mean with respect to the Federal Reserve?
a. It will lend money to a bank in a financial emergency.
b. It makes decisions about who a bank can lend money to.
c. It decides interest rates for interbank loans.
d. It has the power to decide how much money a bank can lend out.
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Home » Social Studies » What does "lender of last resort" mean with respect to the Federal Reserve? a. It will lend money to a bank in a financial emergency. b. It makes decisions about who a bank can lend money to. c. It decides interest rates for interbank loans. d.