Question

what is known as lender of last resort ​

Answer 1

Answer:

Lender of Last Resort

As a Banker to Banks, the Reserve Bank also acts as the 'lender of the last resort'. It can come to the rescue of a bank that is solvent but faces temporary liquidity problems by supplying it with much needed liquidity when no one else is willing to extend credit to that bank.

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Answer 2

Answer:

a lender of last resort is who ever you turn to when you urgently need funds and you're exhausted all your other options banks typically turn to their lender of last resort when they cannot get the funding they need for their daily business