Bank failures in the U.S.
A)occurred frequently through the 1960s and declined since then.
B)occurred infrequently through the 1960s and have become more common since then.
C)occurred frequently through the 1930s, declined after that time, and became more common in 2008.
D)occurred infrequently through the 1930s, increased after that time, and became less common in 2008.

Question

Quizplus · Accepted Answer

Bank failures occurred frequently during the Great Depression of the 1930s and declined after that time due to government regulations and deposit insurance. However, in 2008, there was a financial crisis that resulted in a significant increase in bank failures.

Bank Failures in the U.S