THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following had the largest negative impact on the American population?
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Bank closures
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Foreclosures on farms and homes
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Stock Market Crash
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None of the above
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Explanation:
Detailed explanation-1: -The shutdowns came in a two-year period when more and more customers switched to doing their banking online or through apps during the coronavirus pandemic. American banks closed a record number of retail branches during the pandemic as the industry consolidates and consumers embrace digital banking.
Detailed explanation-2: -The biggest risk to India’s banks is the rise in bad loans. The slowdown in the economy in the last few years led to a rise in bad loans or non-performing assets (NPAs). These are loans which are not repaid back by the borrower. They are, thus, a loss for the bank.
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