How Did the ECB's Security Market Program Acquire Greek, Irish

question 28

Multiple Choice

How did the ECB's Security Market Program acquire Greek, Irish and Portuguese government bonds in 2010-2011?

• A)By buying those bonds from those governments
• B)By buying securities backed by those government bonds and foreclosing on the bonds when the securities were not paid
• C)By buying the bonds on the secondary markets
• D)By loaning money to private companies which bought the bonds and then used the government bonds to repay the loans

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Definitions:

Customs Trade Partnership Against Terrorism (C-TPAT)

A voluntary supply chain security program led by U.S. Customs and Border Protection, focused on improving the security of private companies' supply chains with respect to terrorism.

U.S. Security Standards

Regulations and guidelines established within the United States to ensure the safety and security of information systems and data.

Compression

The reduction in volume or size of a material or data, often through applying pressure or using encoding techniques to decrease storage or transmission requirements.

Lean Supply Chains

Supply chain management philosophy focused on minimizing waste and enhancing value for the end customer through continuous improvement.