____ credit may be used for any purpose and is available only to depository institutions that meet specific requirements for financial soundness.
A)Primary
B)Secondary
C)Tertiary
D)None of the above

Question

Quizplus · Accepted Answer

Primary credit is available at the Federal Reserve's discount window and is the main tool the Fed uses to provide liquidity to the banking system. Primary credit is available only to depository institutions that are in generally sound financial condition and are able to provide acceptable collateral for the loans.

____ Credit May Be Used for Any Purpose and Is