Question

There are _____ Federal Reserve regional banks.

The Federal Reserve's role as a lender of last resort involves lending to which of the following troubled institutions?

a. Government in developing countries during currency crises

b. U.S. banks that cannot borrow elsewhere.

c. U.S. State government when they run short on tax revenue

Answer 1

There are 24 Federal Reserve regional banks.

b. U.S. banks that cannot borrow elsewhere.