What did Fed chair Ben Bernanke use TARP money to do?

A. put money into the hands of homeowners in threat of foreclosure
B. stabilize interest rates
C. purchase large amounts of foreclosed homes on behalf of owners that could not pay adjustable-rate mortgages
D. bail out banks in danger of failing
E. purchase large insurance companies deemed "too big to fail"

Answer: D

Political Science

You might also like to view...

Controlled interest-group systems are most common in

A. authoritarian systems. B. democratic systems. C. pluralist systems. D. parliamentary systems.

Political Science

Which of the following is true of American politics relative to other liberal democracies?

a. The U.S. system gives more power to judges but less to bureaucrats. b. The U.S. system gives more power to civil servants but less to the judicial branch. c. The U.S. system gives more power to the legislative branch but less to bureaucrats. d. The U.S. system gives more power to unelected public officials but less to elected officials.

Political Science