After the Lehman Brothers collapse, the federal Reserve stood ready to lend financial institutions  funds.

/in /by

After the Lehman Brothers collapse, the federal Reserve stood ready to lend financial institutions

funds. When the Federal reserve did this, it was acting in its role as a lender of last resort. Which type of

group has this role?

Informal institution

Nongovernmental organization

Formal institution

Government agency

 
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