Ask Question
10 May, 05:58

Which presented a problem in the stock market during the late 1920s?

A) buying on margin

B) buying on credit

C) buying automobile stock

D) day trading

+5
Answers (1)
  1. 10 May, 09:46
    0
    The correct answer is A) Buying on margin.

    Buying on margin was a common way in which individuals bought stocks during the 1920s. Citizens had the chance to buy a stock by putting 10% down and borrowing the the 90% from a bank. This caused a huge problem, as when the stock market crashed the people who borrowed money from the banks didn’t have the means to pay the bank back for the loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which presented a problem in the stock market during the late 1920s? A) buying on margin B) buying on credit C) buying automobile stock D) ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers