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1- Bank reserves are increased when the Treasury: Answer sells government bonds to individuals decreases its holding of cash increases its account at a Federal
1- Bank reserves are increased when the Treasury: Answer
sells government bonds to individuals | ||
decreases its holding of cash | ||
increases its account at a Federal Reserve bank | ||
increases its holding of cash |
2- A primary focus of the Economic Stabilization Act of 2008, which became know as the ___________________________, was to allow the U.S. Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions. Answer
Troubled Asset Relief Program (TARP) | ||
Toxic Asset Recovery Program (TARP) | ||
Troubled Area Relief Program (TARP) | ||
Toxic Area Recovery Program (TARP) | ||
none of the above |
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