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.
Correct Answer:
Verified
Correct Answer:
Verified
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