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When the Federal Reserve was started, it was to serve the function of a "lender of last...

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koolkid4life | Student, Grade 11 | (Level 1) Honors

Posted April 7, 2013 at 8:58 AM via web

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When the Federal Reserve was started, it was to serve the function of a "lender of last resorts." Do you think banks need the Federal Reserve to act as a lender of last resorts more often during good economic times or bad economic times?

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