(Last Word) the federal reserve policy of “extend and pretend” A. Was praised fo

Question

(Last Word) the federal reserve policy of “extend and pretend” A. Was praised for preventing a financial meltdown in which many solvent and insolvent firms would have failed B. Is accurately described by all of the other answers C. Was criticized for increasing moral hazard in the financial system D. Meant that the Fed did not distinguish in its lender of last resort function between solvent and insolvent firms (Last Word) the federal reserve policy of “extend and pretend” A. Was praised for preventing a financial meltdown in which many solvent and insolvent firms would have failed B. Is accurately described by all of the other answers C. Was criticized for increasing moral hazard in the financial system D. Meant that the Fed did not distinguish in its lender of last resort function between solvent and insolvent firms (Last Word) the federal reserve policy of “extend and pretend” A. Was praised for preventing a financial meltdown in which many solvent and insolvent firms would have failed B. Is accurately described by all of the other answers C. Was criticized for increasing moral hazard in the financial system D. Meant that the Fed did not distinguish in its lender of last resort function between solvent and insolvent firms

Explanation / Answer

The correct answer is C. It helped to increase moral hazard in the system. The correct answer is C.

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.