Question

Which action caused the banking crisis?
O A. People lost confidence in the banks and withdrew their money at alarming rates.
OB.
Banks loaned too much money because so many people were struggling financially.
Ос.
Banks lowered their interest rates too much in an effort to help borrowers.
OD.
Banks froze deposits to reduce the excessive flow of cash that was causing Inflation.
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Answer 1

Answer

OD?

INflation was bad but this action helped the collapse

Answer 2

A. People lost confidence in the banks and withdrew their money at alarming rates is caused the banking crisis .

What is Confidence?

The feeling or belief that one can have faith in or rely on someone or something.

What is Withdrew?

Withdrew means remove or take away (something) from a particular place or position.

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