The Bailout Money That Went to Giant Financial Institutions Like

question 69

Multiple Choice

The bailout money that went to giant financial institutions like Citibank and Goldman Sachs, along with General Motors and Chrysler, during the Financial Crisis and the Great Recession, came from the

• A)American Recovery and Reinvestment Act.
• B)Troubled Assets Relief Program.
• C)Primary Dealer Credit Facility.
• D)Term Securities Lending Facility.

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Definitions:

Taxable Income

This is the amount of income that is used to calculate how much tax an individual or a company owes to the government.

Marginal Rate

The rate at which one measure changes as another measure is incrementally increased, often used in financial and economic contexts.

Average Tax Rate

The percentage of total income allocated towards taxes, determined by dividing the taxpayer's total tax payment by their overall income.

Marginal Tax Rate

The tax rate applied to the last dollar of income, representing the rate at which additional income is taxed.