The Troubled Asset Relief Program of 2008 Was A(n)

question 152

Multiple Choice

The Troubled Asset Relief Program of 2008 was a(n)

• A) cooperative venture by large banks to keep one another afloat.
• B) program funded by large banks to help struggling homeowners.
• C) government rescue of large banks.
• D) effort by a few wealthy private citizens to keep small independent banks afloat.
• E) effort by large banks to rescue small,struggling independent banks.

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Definitions:

Related Expense

Costs that are directly connected to or a result of a specific business activity or operation.

Subsidiary Contract

An agreement or contract involving a company that is controlled by another parent company.

Initial Value Method

An accounting practice for investment recording wherein the investment is kept at its original cost on the balance sheet without adjusting for changes in net income of the investee.

Dividends

Earnings disbursed by a company to its shareholders, generally as a sharing of profits.