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The role of central bank lending to banks in financial distress is called?

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When the central bank lends to banks in financial distress, this role is known as being the lender of last resort.

What does the Central bank do?

The central bank has several duties in the financial system and being the lender of last resort is one of them.

This role calls for them to bail out banks that are going through financial distress by loaning them money. Because they only step in to bail out when things are really bad, they are called the last resort lender.

Find out more on the roles of the central bank at https://brainly.com/question/3906721.

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