In the 2008 Credit Crisis,the TARP or Troubled Asset Relief

question 54

Multiple Choice

In the 2008 credit crisis,the TARP or Troubled Asset Relief Program was created by

• A)The United Nations.
• B)The U.S.Treasury.
• C)The FDIC.
• D)The Securities and Exchange Commission.

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Definitions:

Cost Of Goods Sold

Costs directly related to the goods a company sells, covering both the materials' cost and the labor cost involved in making the product.

Balance Sheet Accounts

These are the accounts that reflect the financial position of a business at a specific point in time, including assets, liabilities, and equity.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including those classified as cash equivalents.

Cash Dividend

A distribution of earnings given by a company to its stockholders, often as a share of profits.