[Solved] The 1920s Were Characterized by Large Numbers of Bank Failures

Question 26
Multiple Choice

The 1920s were characterized by large numbers of bank failures each year,especially among country banks.Country banks were particularly inclined to fail because

A)they tended to open too many branches.
B)they were not allowed to issue checking accounts.
C)they were not allowed to join the Federal Reserve system.
D)farm mortgages constituted the major portion of their loans.
E)All of the above.

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