Which of the following financial institutions was taken over by the Federal Housing Finance Agency when it was on the verge of financial failure?
A) Lehman Brothers Holdings
B) JP Morgan Chase
C) Freddie Mac
D) Federal Home Loan Banks System
E) Federal Reserve
Answer: C
Explanation: C) Freddie Mac (the Federal Home Loan Mortgage Corporation) was taken over by the government because its failure would severely damage global financial markets along with the U.S. economy.
Business
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