The Troubled Asset Relief Program (TARP)allowed

question 56

Multiple Choice

The Troubled Asset Relief Program (TARP) allowed

• A) the Treasury to inject funds into commercial banks in return for stock in the banks.
• B) the Fed to provide funds to commercial banks in return for stock.
• C) the Treasury to insure bank deposits at major U.S. banks.
• D) the Fed to make loans to banks as the lender of last resort.

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Definitions:

Selling Activities

Actions undertaken by a company to promote and sell its products or services, including advertising, sales promotions, and personal sales.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

GAAP Estimate

An accounting estimate made following Generally Accepted Accounting Principles guidelines.

Prior-Period Adjustment

Corrections made to an organisation’s financial statements for errors found in the financials of preceding periods.