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24 January, 07:32

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

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Answers (2)
  1. 24 January, 08:42
    0
    The answer is B. Too many depositors tried to withdraw their money all at once
  2. 24 January, 09:13
    0
    The answer is B too many depositors tried to withdraw their money all at once
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