Of the 197 bank failures from 2000 through 2009,approximately ________ percent occurred during the Great recession years of 2008 and 2009.

Question

Quizplus · Accepted Answer

The question asks for the percentage of bank failures that occurred during the Great recession years of 2008 and 2009 out of the total bank failures from 2000 through 2009. To calculate this percentage, we need to first determine the total number of bank failures during the Great recession years. According to FDIC data, there were 25 bank failures in 2008 and 140 bank failures in 2009, for a total of 165 bank failures during the Great recession years. Out of the total 197 bank failures from 2000 through 2009, this represents approximately 83.25% (165/197) of all bank failures. Rounded to the nearest whole number, this is approximately 80%. Therefore, the best choice is C.

Of the 197 Bank Failures from 2000 Through 2009,approximately ________