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What does the term "lender of last resort" refer to in the context of central banking?

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What does the term "lender of last resort" refer to in the context of central banking? Answer: A bank providing loans to commercial banks during times of financial crisis

Question context

This question is part of 📚 General Knowledge within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.