Lehman Brothers Was Forced to Declare Bankruptcy in September 2008

question 187

Multiple Choice

Lehman Brothers was forced to declare bankruptcy in September 2008, when:

• A)Barack Obama was elected president.
• B)it purchased Bear Stearns, another investment bank.
• C)one of its short-term lenders, JPMorgan Chase, demanded $5 billion in cash as collateral for loans it had made to Lehman.
• D)the European Union abandoned the euro.

---

Definitions:

Negative

A term used to describe values below zero, or situations characterized by absence or lack rather than presence or availability.

Pull-in Windings

Electromagnetic windings used in a solenoid or relay to initially attract and move the armature to the closed position.

Hold-in Windings

Windings in an electromagnetic device that maintain a magnetic field to keep a component, such as a relay or solenoid, in an activated state.

Cool Down Period

Cool down period refers to the time allowed for a machine, engine, or system to gradually return to ambient temperature after operation, to avoid stress or damage from abrupt temperature changes.