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

---

Definitions:

Lower Fearlessness

A decreased tendency or capacity to experience fear, which might influence an individual's approach to risky or threatening situations.

Anxiety

A sense of apprehension and restlessness due to the unpredictability of a situation.

Antisocial Personality Disorder

A mental condition characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others.

Psychopath

A term often used to describe an individual with a personality disorder characterized by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, and egotistical traits.