Question

The Federal Reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? U.S. state governments when they run short on tax revenues U.S. banks that cannot borrow elsewhere Governments in developing countries during currency crises

Answer 1

U.S. banks that cannot borrow elsewhere.

Step-by-step explanation:

In the United States, the Federal Reserve goes about as the lender of last resort to institutions that don't have some other methods for acquiring, and whose inability to get credit would drastically influence the economy.