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Social Studies, 08.07.2019 05:30 xJoel4199

Why is the fed often referred to as a “lender of last resort,” or the last lender to turn to in a crisis? it lends consumers money when other banks will not. it keeps all failing banks afloat to avoid economic disruption. it finance and stabilize central banks internationally. it offers banks financial protection to keep consumers from panicking.

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Why is the fed often referred to as a “lender of last resort,” or the last lender to turn to in a cr...
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