Answers HSSUS US History Sem 1 26-27 Boom and BustQuestion 1

1

QuizMultiple Choice

Boom and Bust

Question 1 • [HSSUS] US History, Sem 1 (26-27)

How did many banks fail consumers in the stock market crash of 1929?

Answer

A

Banks had invested customer savings in the stock market, losing depositors’ money in the crash.

B

Banks refused to pass on profits made in the stock market to depositors, keeping the money.

C

Banks refused to issue loans to help investors pay for their financial losses in the crash.

D

Banks only paid a small portion of insurance owed to depositors for their financial losses.

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