This round of Jeopardy! online testing runs through Thursday! Good luck!
Final Jeopardy! category: THE ECONOMY
Final Jeopardy! clue: Systemically Important Financial Institution is an official status known more informally by these 4 words
(correct response beneath the contestants)
|Margie Eulner Ott, a consultant & ride share driver from Bethesda, Maryland
||Eric Felkey, a kitchen manger from Columbus, OH
||Seth Wilson, a PhD candidate from Chicago, Illinois (12-day total: $265,002)
What is “too big to fail”?
After the recent global financial crisis internationally, regulators in the global financial system have taken steps to ensure that these Systematically Important Financial Institutions do not fail, or if they do, limiting the adverse effects of its failure (hence, the “too big to fail”).
The United States has 8 Globally Systematically Important Banks: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, State Street, and Wells Fargo.
Canada’s seven largest banks (Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank, and Desjardins Group) are designated Domestic Systematically Important Banks.
Remember, you can also now get the following t-shirts (and others!) from our new store!
|Alex & Johnny & Sarah & Kelly & Jimmy!||Trebek/Gilbert 16 (Support the #Jeoparty this year!)|
(contestant photo credit: jeopardy.com)
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