In the Last Months of 2008 Following the Collapse of ________

Multiple Choice

In the last months of 2008 following the collapse of ________, interest rates on commercial paper ________ and access to this form of liquidity ________.

A) Lehman Brothers; rose by over 5 percent; contracted
B) Washington Mutual; fell by over 3 percent; expanded
C) Merrill Lynch; rose by 5 percent; stayed constant
D) General Motors; rose by over 3 percent; contracted
E) AIG; stayed constant; remained unchanged