What is the purpose of the lender of last resort facility, Microeconomics

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What is the purpose of the lender of last resort facility

Problem

1. What is the purpose of the lender of last resort' facility?

2. Why is there a conflict between liquidity and profitability for the retail banks?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the purpose of the lender of last resort facility

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Microeconomics: What is the purpose of the lender of last resort facility

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