Answer: The correct option is option C
Explanation: "Lender of last resort" means that the Federal Reserve has the authority to lend money to banks and other financial institutions during times of financial crisis or emergencies. This is done to help prevent a banking panic and to maintain the stability of the financial system. The Federal Reserve acts as a lender of last resort by providing short-term loans to banks that cannot obtain funding elsewhere. By doing so, the Federal Reserve helps to ensure that banks have the liquidity they need to continue lending and meet their financial obligations.