Question

What happened to the money customers deposited in banks when the banks failed at the start of the Great Depression?

A. the customers received settlements from the Federal Deposit Insurance Corporation
B the customers lost the money they deposited and were not compensated for their loss
C the customers received settlements from the central bank of the Federal Reserve System
D the customers lost the money they deposited and were repaid in government bonds

Answer 1

B. the customers lost the money they deposited and were not compensated for their loss.