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23 January, 06:04

An obvious defect in the United States' banking system that was exposed during the Great Depression was

A)

excessive government regulation of banks.

B)

the federal government's ownership of banks.

C)

an excessive amount of currency in circulation.

D)

the lack of protection for funds deposited by individuals in banks.

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Answers (1)
  1. 23 January, 09:16
    0
    The correct answer is D. Many people lost their money because banks didn't protect it.
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