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Why was the scandal that led to President Nixon's resignation called "Watergate"?

A"Watergate" was the code word used by the people involved in the burglary.
BIt was the name of the building where significant events took place.
CThe Watergate Pipe and Valve Corporation made huge contributions to Nixon's 1972 campaign.
DIt was the name of the bank where the participants in the scandal kept their money.

Verified Answer :

The reason why the scandal that led to President Nixon's resignation was called "Watergate" is because "b. It was the name of the building where significant events took place," since this was hotel. 

Answer:

B. It was the name of the building where significant events took place.