In Financial Markets, a "Living Will" Is

Multiple Choice

In financial markets, a "living will" is:

A) a set of instructions of how a bank failure should be carried out.
B) a set of instructions of the order of repaying shareholders.
C) a list of steps that must be taken by all banks in the event of insolvency.
D) how bank bond and shareholders should divide a bank's remaining assets after insolvency.
E) a set of instructions regarding succession in the event of a bank president's death.