Which policy tool was used to stabilize banks during the 2008 financial crisis?

Which policy tool was used to stabilize banks during the 2008 financial crisis?

• A. It created the Federal Reserve.
• B. It implemented a large tax cut for corporations.
• C. It supported the Troubled Asset Relief Program to stabilize banks (and included other actions) and was part of a broader toolkit including monetary easing and fiscal stimulus.
• D. It abolished the Federal Deposit Insurance Corporation.

Answer: (C)