Which of the following best describes the history of bank failures in the U.S.from 1863 to the present?
A) Bank failures were eliminated after 1913.
B) Bank failures were common until 1940 but were almost nonexistent until the late 1980s and early 2000s.
C) Bank failures have always been rare events.
D) Bank failures were common until 1940 and were eliminated thereafter.
E) Bank failures have always been common.
Correct Answer:
Verified
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