Question

In response to the financial​ crisis, the Fed and the U.S. Treasury took all of the following policy actions except​ _______.

a. lowering tax rates on commercial bank profits
b. The Troubled Asset Relief Program

Answer 1

Answer: lowering tax rates on commercial bank profits

Step-by-step explanation:

The financial crisis which is also widely called the global meltdown was caused as a result of the financial indutry deregulation.

The goal of TARP was to strengthen the banks, and improve market stability. Lowering tax rates on commercial bank profits wasn't part of the action used by the government.