As a Result of the Financial Crises in 2008, Which

question 11

Multiple Choice

As a result of the financial crises in 2008, which bank was seized by the FDIC after a 10-day bank run during which depositors withdrew $16 billion, or about 10 percent of all deposits?

• A) JPMorgan Chase
• B) Wells Fargo
• C) Bank of America
• D) Washington Mutual
• E) Wachovia

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Definitions:

Sensory Memory

The shortest-term element of memory, which stores sensory impressions for a very brief period, allowing us to experience the world as a continuous stream.

Task Simplicity

Refers to the degree to which a task or activity is straightforward and uncomplicated, requiring a minimal cognitive load or effort to complete.

Tip-of-the-Tongue Phenomenon

A common cognitive experience where a person is unable to fully recall a familiar word or name, despite feeling that retrieval is imminent.

Cryptomnesia

A memory bias where a person mistakenly believes their ideas are novel when they are actually sourced from forgotten memories.