During the Great Recession, the bailout money given to the car companies GM and Chrysler under the TARP program came from the Fed acting in its role as lender of last resort.Topic: The Policy Response to the Financial Crisis

Question

Quizplus · Accepted Answer

The bailout money for GM and Chrysler came from the U.S. Treasury under the TARP program, not from the Federal Reserve.

During the Great Recession, the Bailout Money Given to the Car