In 2008,the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP)by

Question

Quizplus · Accepted Answer

The best choice is D because TARP was a program established by the US Treasury to purchase troubled assets from banks in an effort to stabilize the banking system. This involved providing funds to banks in exchange for stock, which would give the government some control over the institution. TARP did not allow domestic banks to be taken over by foreign banks, nor did it permit banks to sell commercial bonds to the Federal Reserve Bank or double their deposit insurance reimbursements.

In 2008,the Fed and the Treasury Began Attempting to Stabilize