Lender of last resort means that the central bank a. has to ...

[WWatsford]

Lender of last resort means that the central bank
 
  a. has to lend money to failing banks.
  b. should lend money to individuals if their bankruptcy would threaten the banking system.
  c. should lend money to banks that are suffering short-term liquidity shortages.
  d. should lend money to pay for government deficits.
  e. None of the above

Question 2

Interstate Commerce Commission (ICC) Act of 1887 gave the federal government rate-setting powers.
 
  Indicate whether the statement is true or false

[Laurenleakan]

Answer to Question 1

C

Answer to Question 2

False

[WWatsford]

Excellent

[olderstudent]

Thanks for the timely response, appreciate it