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Why did so many banks collapse at the beginning of the Great Depression?

a. Too many investors tried to open new accounts. b. Too many depo...

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Why did so many banks collapse at the beginning of the Great Depression?

a. Too many investors tried to open new accounts.
b. Too many depositors tried to withdraw their money all at once.
c. The stock market collapsed too slowly to collect on debts.
d. The Federal Reserve put too much money into circulation

Answer

The answer is B.Too many depositors tried to withdraw their money all at once

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 55 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 150 views.

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