The short-term direct cost of government giveaways to banks is the:
A)loss of a bank's reputation.
B)political cost to Congress.
C)costs paid by taxpayers.
D)loss of banking autonomy.

Question

Quizplus · Accepted Answer

The short-term direct cost of government giveaways to banks is the costs paid by taxpayers. When the government bails out banks, it uses taxpayer money to cover the costs of the bailout. This can include direct payments to the banks, guarantees on their debts, and other forms of financial assistance. These costs can be significant and can add up quickly, putting a strain on government budgets and taxpayers.

The Short-Term Direct Cost of Government Giveaways to Banks Is