The MAIN Purpose of the Troubled Asset Relief Program Was

question 16

Multiple Choice

The MAIN purpose of the Troubled Asset Relief Program was to

• A) quickly provide jobs to the unemployed.
• B) shore up shaky financial institutions.
• C) lower the rate of inflation.
• D) demonstrate that only the Fed controlled economic policy.
• E) help out the European economy and boost demand for American exports.

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Definitions:

Foreign Arbitral Awards

Judgments or decisions made in arbitrations held in a foreign country, which are recognized and can be enforced in other jurisdictions under certain international treaties.

Recognition

The acceptance or acknowledgment of something as valid, legal, or official.

Mediation

A conflict resolution technique involving a neutral third party who helps disputing parties reach a voluntary agreement.

Binding Ruling

A final and enforceable decision given by a legal authority, which all involved parties must adhere to.