1. After which event did the Treasury Secretary Paulson decide to enact the Trou

Question

1. After which event did the Treasury Secretary Paulson decide to enact the Troubled Assets Relief Program (TARP):

Select one:

a. Federal Reserve Bank of New York providing an emergency loan to Bear Stearns

b. Bank of America's purchase of Merrill Lynch

c. Quasi-nationalization of AIG

d. Sudden fall in the US dollar exchange rate

5.  

After creating TARP, the Treasury secretary then request funding from Congress. How much was requested?

Select one:

a. $1 billion

b. $100 billion

c. $500 billion

d. $700 billion

e. $1 trillion

Explanation / Answer

4. Quasi-nationalization of AIG is the event after which the Treasury Secretary Paulson decide to enact the Troubled Assets Relief Program (TARP). So the correct option is C.

5. After creating TARP, the Treasury secretary requested $ 700 billion funding from the congress. So the correct option is D.The Troubled Asset Relief Program (TARP) was a group of programs created and run by the U.S. Treasury to stabilize the country’s financial system, restore economic growth, and mitigate foreclosures in the wake of the 2008 financial crisis.The Troubled Asset Relief Program was a $700 billion bank bailout.

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