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Which bank is called lender of last resort?
(i) Commercial bank
(ii) Agricultural bank
(iii) Industrial bank
(iv) Central bank
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Which bank is called lender of last resort?
(i) Commercial bank
(ii) Agricultural bank
(iii) Industrial bank
(iv) Central bank
#Follow me guys :)
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Answer:
the Federal Reserve Bank - the Central bank
Today, the lender of last resort among financial institutions refers to the Federal Reserve Bank in the U.S or the Bank of England in Great Britain, both of which serve as the central banks of their respective countries.
Explanation:
this question is the central bank
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