The TARP program injected capital or equity in commercial banks, which alleviated some of their insolvency issues. Group of answer choices True False
The TARP program injected capital or equity in commercial banks, which alleviated some of their insolvency issues. Group of answer choices True False
answer; functional fixedness;
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explanation:
True
Explanation:
During the 2008 financial crisis, The Troubled Asset Relief Program (TARP) was put in place by the United States Treasury.
This was done by the Department of the Treasury which pumped money into the banks that were failing and other businesses. They bought equity and assets.