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:

Injury

Damage to the body caused by an external force, which can be physical or psychological.

Abdomen

The part of the body containing digestive and other vital organs, bounded by the diaphragm above and the pelvis below.

Bruise

A bruise is a discoloration of the skin resulting from trauma leading to broken blood vessels under the skin without breaking the skin surface.

Emergency Department

A specialized facility within a hospital where patients with acute illnesses or injuries are treated urgently.