Which of the following did NOT significantly exacerbate the banking crisis of the early 1930s?

Question

Quizplus · Accepted Answer

While fraud likely occurred and may have contributed to some individual bank failures, it was not a significant factor in causing the overall banking crisis of the early 1930s. The other three factors listed - the Fed's decision not to make loans to insolvent banks, the large number of small poorly diversified banks, and the large number of rural banks holding agricultural loans during a time of falling commodity prices - were all significant contributors to the banking crisis.

Which of the Following Did NOT Significantly Exacerbate the Banking