Traditionally. the federal reserve can give emergency loans only to

Traditionally, the Federal Reserve can give emergency loans only to rev:

- ecurities firms

- manufacturing firms

- commercial banks

- investment banks

Answer

The correct answer is: c. commercial banks.

The Federal Reserve is the central bank of the USA. It was created on December 23, 1913, as a response to series of financial panics. Traditionally it can give emergency loans only to commercial banks.

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