Which of the Following Did Not Contribute to the U

question 39

Multiple Choice

Which of the following did not contribute to the U.S. banking collapse of 1929-1933?

• A)​The Federal Reserve System and other government agencies did not act quickly or decisively enough.
• B)​Deposit insurance did not exist at that time.
• C)​The banking industry consisted of only a few very large banks.
• D)​The fact that the economy was in a continuous downward spiral during this period undermined depositors' confidence in the solvency of the banks.

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