Which of the Following Was True of Many American Businesses

question 26

Multiple Choice

Which of the following was true of many American businesses in 1929?

• A) In anticipation of an economic downturn in the 1930s, they had significantly reduced their inventories.
• B) Having misrepresented their assets to obtain loans, they were overburdened with debt.
• C) They enjoyed relatively high profits because of the expansion of foreign markets.
• D) They incurred heavy losses of capital by shifting their investments from the United States stock market to less profitable European markets.

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