The direct costs of Lehman Brother's bankruptcy were estimated to exceed Blank______.Multiple choice question.$600 million$2.2 billion$1 billion$600 billion
Question
The direct costs of Lehman Brother's bankruptcy were estimated to exceed
Blank______.
Multiple choice question.
- $600 million
- $2.2 billion
- $1 billion
- $600 billion
Solution
To determine the estimated direct costs of Lehman Brother's bankruptcy, we should consider that the figure most commonly cited in regards to this matter is set at approximately $600 billion.
Breakdown of Options
- $600 million - This is significantly too low given the scale of the bankruptcy.
- $2.2 billion - Although this is nearer to some directly related costs, it is still not reflective of the overall impact.
- $1 billion - This too remains under the expected costs.
- $600 billion - This figure has been widely reported as the total costs associated with the bankruptcy, which includes not only direct costs but also systemic financial effects.
Final Answer
The direct costs of Lehman Brother's bankruptcy were estimated to exceed $600 billion.
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