Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
A)fire sale
B)short sale
C)long sale
D)liquidity sale

Question

Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
A)fire sale 
B)short sale 
C)long sale 
D)liquidity sale

Quizplus · Accepted Answer

A fire sale is a term used to describe a situation in which an entity, particularly a failing bank, sells off a substantial amount of assets in a short time period in order to remain solvent. This type of sale is often done at a steep discount, which can result in significant losses for the seller.

Which of the Following Is the Term Used to Describe