The Bank Failures That Occurred During the Early Years of the Great

question 72

Multiple Choice

The bank failures that occurred during the early years of the Great Depression:

• A) hurt large depositors the most since it was the large money center banks that failed.
• B) hurt small depositors the most since it was mainly small banks that failed.
• C) hurt the government insurance funds since FDIC covered most of the losses of depositors.
• D) totaled about 30% of total bank customer deposits.

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