In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. ______ the Troubled Asset Relief Program (TARP), the government had purchased assets of struggling banks with a view ______ ensuring that they did not collapse taking ______ them the rest of the financial system. These assets ______ later at a profit by the government! The U.S. government had acted smartly, while in the Indian case the banks now find themselves ______ with loans made by them to an individual with negative net worth. Fill in the blank: ______ the Troubled Asset Relief Program (TARP)
- ABelow
- BDown
- CLower
- DUnder
Solution & Step-by-step Explanation
The phrase refers to actions taken in accordance with or managed by an official program or legislation. The correct preposition to use before a program name like TARP is "Under" (meaning governed by or bound by).Therefore, "Under the Troubled Asset Relief Program" is the correct expression.