When the Federal Reserve bailed out financial institutions such as Citigroup and Bank of America, it did so, according to the text, primarily because
A) President Bush ordered it to do so.
B) President Obama ordered it to do so.
C) Federal Reserve officials depend on such financial institutions for campaign contributions.
D) the Federal Reserve views the needs of the broader economy through the needs of the banking community.
E) a law pushed through Congress required the Federal Reserve to bail out these institutions.
Correct Answer:
Verified
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