Question

what was the main goal of the troubled asset relief program (tarp) that was passed by congress in 2008? multiple choice question. help homeowners stay in their homes and prevent foreclosure. help prevent some firms from going bankrupt. decrease the number of imports to help increase us gdp. increase the lending ability of the federal reserve banks.

Answer 1

The main goal of TARP was to help prevent some firms from going bankrupt and stabilize the financial market.(option b)

Step-by-step explanation:

The main goal of the Troubled Asset Relief Program (TARP) that was passed by Congress in 2008 was to help prevent some firms from going bankrupt (option b) . TARP allowed the government to inject cash into troubled banks and other financial institutions to stabilize the financial market. It also provided support to General Motors and Chrysler to prevent their bankruptcy and the resulting job losses.