During the Great Depression in the early 1930s:
A)bank deposits increased by 50% each year.
B)bank deposits decreased by 35%.
C)people refused to hold currency.
D)bank runs were not a problem.

Question

Quizplus · Accepted Answer

During the Great Depression, bank deposits decreased by 35% as people faced financial difficulties and withdrew their money from banks. This led to a banking crisis and many bank failures.

During the Great Depression in the Early 1930s