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The Economic Recovery Act of 2008 Had Several Provisions to Promote

Question 23

Multiple Choice

The Economic Recovery Act of 2008 had several provisions to promote recovery from the subprime financial crisis.These provisions included all of the following except


A) guaranteed all the deposits of the commercial banks.
B) purchase of subprime mortgage assets from troubled financial institutions by the Treasury.
C) temporarily raised the limit of the federal deposit insurance from $100,000 to $250,000.
D) guarantee of par value for money market mutual fund shares for one year by the Treasury.

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