Prior to the Financial Crisis of 2007-2009 Banks Did All

question 25

Multiple Choice

Prior to the financial crisis of 2007-2009 banks did all but which of the following to bulk up their profit:

• A) bought or sponsored hedge funds.
• B) traded securities for customers.
• C) purchased equities for their own account.
• D) colluded to fix benchmark interest rates.

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Definitions:

Synaptic Gap

The tiny space between neurons, across which neurotransmitters travel to carry signals from one neuron to another.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse, from one neuron to another, influencing various bodily functions.

Ion

An atom or molecule with a net electric charge due to the loss or gain of one or more electrons.

Antagonist

An opposing force, molecule, or character that interacts in a way to inhibit or counteract an action.