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

question 77

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