Here's how we arrive at this name:

* Mo represents the element molybdenum.

* I represents the element iodine.

* The subscript 2 indicates that there are two iodine atoms in the compound.

* Molybdenum can have multiple oxidation states. In this case, it has a +2 oxidation state, which is indicated by the Roman numeral (II) in the name.

Therefore, the full name of the compound is molybdenum(II) iodide.