Question

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Which bank is called lender of last resort?

(i) Commercial bank
(ii) Agricultural bank
(iii) Industrial bank
(iv) Central bank

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Answer 1

central bank is the correct answer .

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Answer 2

Answer:

the Federal Reserve Bank - the Central bank

Today, the lender of last resort among financial institutions refers to the Federal Reserve Bank in the U.S or the Bank of England in Great Britain, both of which serve as the central banks of their respective countries.

Explanation:

this question is the central bank

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