Web Analytics
j3remyp
Answered

After the stock market crash, what happened to America’s banking sector?


It thrived as people transferred stock profits into savings accounts.


It profited as the Federal Reserve limited the money supply.


It collapsed as frightened depositors raced to withdraw their money.


It went broke as a result of lending to investors recovering from the crash.

Verified Answer :

metchelle

The answer to the given question above would be the third option. After the stock market crash, what happened to America’s banking sector is that, it collapsed as frightened depositors raced to withdraw their money. The people lose faith in it. Hope this answers your question.

Answer: It collapsed as frightened depostors raced to withdraw their money.

Related Questions