asked 194k views
5 votes
What caused so many banks to fail

asked
User Pouyan
by
7.6k points

2 Answers

1 vote

Answer:

They went bank rupt or not a lot of people came to there banks

Step-by-step explanation:

answered
User AwokeKnowing
by
8.4k points
6 votes

Step-by-step explanation:

The most common cause of bank failure occurs when the value of the bank's assets falls to below the market value of the bank's liabilities, which are the bank's obligations to creditors and depositors. This might happen because the bank loses too much on its investments.

answered
User Zgabievi
by
7.9k points

No related questions found

Welcome to Qamnty β€” a place to ask, share, and grow together. Join our community and get real answers from real people.