In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) allowing domestic banks to be taken over by foreign banks.
B) permitting banks to sell commercial bonds to the Federal Reserve Bank.
C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements.
D) providing funds to banks in exchange for stock.
Answer: D
Economics
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When government outlays exceed tax revenue, the situation is called a budget
A) with a negative balance. B) deficit. C) surplus. D) debt. E) with no balance.
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Since World War II, there have been ________ but ________ in the U.S. economy
a. no recessions; five depressions b. three depressions; no recessions c. recessions; no depressions d. depressions; no recessions
Economics