In 2008,the Fed and the Treasury Began Attempting to Stabilize

question 181

Multiple Choice

In 2008,the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by

• A)allowing domestic banks to be taken over by foreign banks.
• B)permitting banks to sell commercial bonds to the Federal Reserve Bank.
• C)allowing banks to double any outstanding claims for federal deposit insurance reimbursements.
• D)providing funds to banks in exchange for stock.

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Definitions:

Nori

A type of edible seaweed often used in Japanese cuisine, especially for wrapping sushi.

Red Algae

A group of primarily aquatic photosynthetic organisms known for their reddish pigments, which allow them to live at greater depths than many other photosynthetic species.

Green Algae

A diverse group of photosynthetic organisms found in various aquatic environments, considered important precursors to land plants and characterized by green chlorophyll pigments.

Brown Algae

A group of photosynthetic, multicellular marine algae, including many seaweeds, in the class Phaeophyceae.