Traditionally. the federal reserve can give emergency loans only to

Traditionally, the Federal Reserve can give emergency loans only
to rev: – ecurities firms – manufacturing firms – commercial banks – investment banks

The correct answer is: c. commercial banks.
The Federal Reserve is the central bank of the USA. It was
created on December 23, 1913, as a response to series of financial
panics. Traditionally it can give emergency loans only to
commercial banks.