If the U.S. economy experienced a large deflation, what would most likely happen to U.S. banks?

Question

Quizplus · Accepted Answer

In a deflationary economy, the value of money increases and the prices of goods and services decrease. This can lead to a decrease in economic activity and increase in unemployment, which can result in more borrowers defaulting on their loans. As a result, U.S. banks would see their profits decline as more borrowers default on their loans.

If the US Economy Experienced a Large Deflation, What Would Most Likely