Wells Fargo Finds an Extra 1.4 Million Fake Accounts

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the total number of unauthorized accounts discovered by Wells Fargo after their review?
4.2 million
3.5 million
2.1 million
1.4 million
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has Warren Buffett reacted to the Wells Fargo scandal?
He believes in the company but acknowledges their mistakes.
He sold all his shares in the company.
He increased his stake in the company.
He has not commented on the issue.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main concerns for Wells Fargo's investors regarding the scandal?
The bank's expansion plans
The bank's advertising strategy
The bank's new product launches
The exact financial cost of the scandal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What recurring issue does Wells Fargo face according to the transcript?
Lack of technological innovation
Declining customer base
Continuous new scandals
Frequent changes in leadership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What argument do some lawmakers make about Wells Fargo's size?
It should focus on international markets.
It should merge with another bank.
It is too large to manage effectively.
It is too small to compete globally.
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