When there’s a fire in your apartment building, you break the glass and pull the alarm. If you’re the head of a central bank, your "break the glass" solution in the event of a fire is called credit easing.
In the event of a financial downturn or economic crisis, a central bank’s goal is to use monetary policy to increase credit access across the economy.
They want people to borrow, so they purchase financial assets like mortgage securities in order to give banks and other institutions money. The expectation is that these firms will turn around and loan that money to consumers and businesses.
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Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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