The failure of many financial institutions in the 1930s was in part alleged to be the result of which of the following?
A)excessive competition among banks
B)overly risky loans
C)the stock market crash that caused the default on many bank loans
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The failure of many financial institutions in the 1930s was a result of all three factors mentioned in the answer choices - excessive competition among banks, overly risky loans, and the stock market crash that caused the default on many bank loans.

The Failure of Many Financial Institutions in the 1930s Was