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In 2007 there was a major financial collapse in the US linked to the weak housing...

In 2007 there was a major financial collapse in the US linked to the weak housing market and failing banks, Congress addressed this issue in 2008 by

Allowing all banks and financial institutions to fail

Repaying the banks for any bad loans they made

pledging a significant aid package (TARP) to strategically help some financial institutions

increasing the taxes paid by financial institutions.

In economics, the term "bank" is used to refer to any institution that ________.

Accepts deposits

Makes loans

Issues credit cards

Both a and b
business   economics   
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Answer #1

1.when there was major collase in 2007 crisis the bank recovers it by come up with different plans to tackle it and one of them was to by pledging a significant package to help some financial institution due to their worst condition. Hence option c.

2.when we talk in general sense, a bank offers all the services which are mentioned above like accepts deosits,makes loan and issue credit card but when we talk in terms of economics a bank is generally which provide loans like IMF,World bank etc. Therefore answer is Makes loan.

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