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Fill in the gap numbered 6 in the following passage appropriately.Central banks ...


Question

Fill in the gap numbered 6 in the following passage appropriately.

Central banks around the world intervened to the tune of one hundred and twenty billion dollars recently to shore up confidence in the global financial system as concern about a crunch in the credit market spread.

The United States federal reserve became the last Central Bank to make extra ___(6)___ available to the financial institution in the ___(7)___ market. In a statement made recently, the Federal Reserve said it was “providing liquidity to facilitate the orderly ___(8)___ of financial market” and offered to provide reserves “as necessary to promote a federal ___(9)___ rate close to its target of 5.25%.

Options

A)
Liquidity
B)
Money
C)
Cash
D)
Facility

The correct answer is A.


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