Why Did Goldman Sachs Have to Pay a Fine of Half

question 34

Multiple Choice

Why did Goldman Sachs have to pay a fine of half a billion dollars in 2010?

• A) It had underwritten most of the subprime mortgages during the real estate boom.
• B) It had failed to document its business structure to the Securities and Exchange Commission.
• C) It had knowingly sold toxic mortgage-based securities and then bet on their failure.
• D) It had illegally financed the presidential campaign of Barack Obama.
• E) It had failed to reform its management and business practice in the wake of the mortgage crisis.

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Definitions:

Rhymes

Literary devices featuring the repetition of similar or identical sounds in the final syllables of words, commonly used in poetry and songs.

Letters

Characters that constitute the written form of a language, used to represent sounds or words.

Chunk

A unit of information or memory, often used in cognitive psychology to describe how pieces of information are grouped together for easier processing and recall.

Engagement

The degree of attention, curiosity, interest, optimism, and passion that people show when they are learning or being taught, which extends to the level of motivation they have to learn and progress in their education.