What Was the Stated Purpose of the TARP $700 Billion

question 234

Multiple Choice

What was the stated purpose of the TARP $700 billion bailout?

• A)Give it to financial institutions to keep them from going bankrupt.
• B)Purchase illiquid assets from banks and other financial institutions to restore market.
• C)Loan money to the automobile industry to save the market for automobiles.
• D)Provide incentives to homebuyers to improve the housing market.

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Definitions:

Confession Of Judgment

A legal agreement in which a debtor consents to a judgment against them, allowing the creditor to obtain a judgment without undergoing the standard court process.

Sale Of Office Computer

The process of selling a computer that is considered as an asset or property of an office or business.

Dissolution Of The Partnership

The process of legally terminating the existence of a partnership business.

Actual Authority

The express power granted by a principal to an agent to act on their behalf.