In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) providing funds to banks in exchange for stock.
B) permitting banks to sell commercial bonds to the Federal Reserve Bank.
C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements.
D) allowing domestic banks to be taken over by foreign banks.
Question 2
The Philippines and Vietnam have roughly the same size population. Suppose the GDP of the Philippines is 1,000 billion and the GDP of Vietnam is 10,000 billion. You should conclude
A) it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.
B) a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.
C) a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.
D) a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.
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