In an attempt to prevent the collapse of the U.S. financial system, Congress passed, and President Bush signed into law, _______________________.

A) the Federal Housing and Banking Authority Program
B) the National Banking Recovery Act
C) the Reconstruction Finance Act
D) the Troubled Asset Relief Program

Troubled Asset Relief Program

A program initiated by the U.S. government in 2008 to purchase toxic assets and equity from financial institutions to strengthen the financial sector.

U.S. Financial System

This system encompasses all the financial institutions in the United States, including banks, credit unions, and the Federal Reserve, responsible for monetary policy, financial services, and regulation.