When Many Depository Institutions--Especially Thrifts--Failed in the 1970s and 1980s

question 32

Multiple Choice

When many depository institutions--especially thrifts--failed in the 1970s and 1980s,

• A)most depositors got their money back
• B)most depositors lost everything
• C)most of the losses to depositors were paid out of the pockets of the owners of these institutions
• D)the U.S.taxpayer,fortunately,avoided bearing any of the financial burden of the losses
• E)the entire economy collapsed and the country was plunged into a severe depression