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:

Industrial Countries

Nations with highly developed industries and infrastructure, often characterized by significant levels of manufacturing, services, and technology sectors.

Developing Countries

Nations with lower levels of industrialization, lower living standards, and often lower Human Development Index (HDI) scores compared to developed countries.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

Per Capita Income

A measure of the average income earned per person in a given area or country.