In 2008,Congress Passed the ___________ to Help Stabilize the Investment

question 50

Multiple Choice

In 2008,Congress passed the ___________ to help stabilize the investment banking sector.

• A)American Recovery and Reinvestment Act of 2009
• B)Emergency Economic Stabilization Act of 2008
• C)Troubled Asset Relief Program (TARP)
• D)Compromise Tax Package of 2010

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Definitions:

Purchased Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets at the acquisition date.

Market Value

The existing rate at which an asset or service is offered for buy or sell within the marketplace.

Amortize Intangible Assets

The process of systematically reducing the recorded cost of intangible assets over their useful life or legal life, whichever is shorter.

Useful Lives

The estimated time period that an asset is expected to be used by a business, contributing to its revenue generation.