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3 years ago

Based on what you have read, Choose each response below that correctly describes an effect of TARP

History

1 answer:

Stella [2.4K]3 years ago

8 0

These are the options to the questions

Check all of the boxes that apply.

bankruptcy of the auto industry

survival of the banking industry

failure of the industries to repay TARP loans

survival of the auto industry

negative public views

Answer:

1. survival of the banking industry

2. survival of the auto industry

3. negative public views

Explanation:

TARP is an acronym for Troubled Asset Relief Program, it was designed by the U.S. Treasury to help provide stability in the country’s financial system. It seeks to restore economic growth, and mitigate foreclosures in the wake of the 2008 financial crisis. TARP was therefore run, for the purpose of achieving these targets by purchasing troubled companies’ assets and stock.

Hence, effects of TARP are the following:

1. Survival of the banking industry

2. Negative public views

3. Survival of the auto industry

4. Restored credit availability for individuals and businesses

5. Saved more than one million jobs.

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