The US Government Took All of the Following Actions to Address

question 20

Multiple Choice

The U.S. government took all of the following actions to address the credit crisis in 2008 except:

• A) putting Fannie Mae into conservatorship.
• B) passed the Troubled Asset Relief Program (TARP).
• C) created the Keep Banks Solvent (KBS) agency.
• D) authorized large non-financial firms to sell bonds that were FDIC-insured.
• E) temporarily increased FDIC domestic deposit coverage to $250,000.

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Definitions:

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a good or service.

Total Revenue

A financial metric indicating the overall income earned by a business through the provision of goods and services.

Average Revenue

The amount of revenue generated per unit of a product sold, calculated by dividing total revenue by the number of units sold.

Total Revenue Curve

A graphical representation showing how total income from sales changes at different levels of output in a company's operations.