9
QuizMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives — Test

Question 9 • (AG Q4) Financial Literacy: 25-26 (JRush)

A Wall Street firm that failed in 2008 and is no longer in business in any form is _____.

Answer
A
Merrill Lynch
B
Goldman Sachs
C
Morgan Stanley
D
Lehman Brothers

Explanation

Lehman Brothers filed for bankruptcy in 2008 and ceased operating as an independent firm. Merrill Lynch was acquired by Bank of America, while Goldman Sachs and Morgan Stanley continued in business. Therefore, the correct choice is Lehman Brothers.

AI-written and checked against the verified answer.

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