The Largest Bank Failure in U

question 9

Multiple Choice

The largest bank failure in U.S.history was ________ which went into receivership by the FDIC on September 25,2008.

• A)Washington Mutual
• B)Bank of America
• C)J.P.Morgan
• D)Wells Fargo

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Definitions:

Expressed

Clearly communicated or made known in words, actions, or symbols.

Years

Units of time equal to 365 days, or 366 in a leap year, used to measure durations and ages.

Months

Periods into which a year is divided, each consisting of roughly 30 to 31 days, except for February which has 28 or 29 days.

Compounded Monthly

Interest that is calculated on the principal and the accumulated interest of previous periods on a monthly basis.