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Federal Reserve Policies during the 2007-2009 Recession
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Problem 10
Federal Reserve Policies during the 2007-2009 Recession
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19. Monetary Policy / Federal Reserve Policies during the 2007-2009 Recession / Problem 5
Problem 5
What was the primary purpose of the Troubled Asset Relief Program (TARP)?
A
To reduce taxes for commercial banks.
B
To provide funds to commercial banks in exchange for partial ownership.
C
To close down failing banks.
D
To increase interest rates on loans.
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