According to the Text,the Obama Administration's Bailout of the Financial

question 14

Multiple Choice

According to the text,the Obama administration's bailout of the financial services industry​ was

• A)​unprecedented.
• B)​an example of incremental change typical of bureaucratic activity.
• C)​illegal.
• D)​done without the level of control that would have been expected of the federal bureaucracy.
• E)​an example of government intervention that was to be expected, given recent antecedents in current policy.

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Definitions:

PST

Depending on the context, this could stand for Pacific Standard Time, which is the time zone observed on the west coast of the United States, or Provincial Sales Tax, a tax imposed by some Canadian provinces.

GST

Goods and Services Tax; a value-added tax levied on most goods and services sold for domestic consumption.

Mill Rate

A property tax rate expressed in tenths of a cent, applying to the assessed value of property.

Property Taxes

Taxes paid by property owners, typically annually, based on the assessed value of their property and the tax rate of the local government.