Which of the Following Statements About the Financial Crisis from 2007

question 14

Multiple Choice

Which of the following statements about the financial crisis from 2007 to 2009 is incorrect?

• A) The U.S. Federal Reserve played the role of "lender of last resort."
• B) The Federal Reserve rescued AIG, one of the world's largest bank insurers.
• C) Under Obama, the U.S. Congress passed a $2 trillion stimulus spending package.
• D) The U.S. temporarily government gained majority ownership of General Motors (GM) and Chrysler.

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Definitions:

Justification

The action of showing something to be right or reasonable, often used in legal and ethical contexts.

Anterior Motive

A motive or reason for action that predates the current situation or decision.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, known for its varied and often severe health effects.

Second Categorical Imperative

A principle from Immanuel Kant stating that one should act in such a way that they treat humanity, whether in their own person or that of another, always as an end and never as a means only.