At its inception, the Federal Reserve was intended to be
A) the Treasury's banker.
B) the issuer of government debt.
C) a lender-of-last-resort.
D) a regulator of bank holding companies.
Answer: C
At its inception, the Federal Reserve was intended to be
A) the Treasury's banker.
B) the issuer of government debt.
C) a lender-of-last-resort.
D) a regulator of bank holding companies.
Answer: C