Question
When the banks started closing during the banking crisis of the 1930s, many Americans lost their entire life savings. Why was this?
A.
Their money had no federal protection.
B.
Their money was used to create more banks.
C.
They used their money to boost the economy.
D.
They put their money into failing stocks.
A.
Their money had no federal protection.
B.
Their money was used to create more banks.
C.
They used their money to boost the economy.
D.
They put their money into failing stocks.
Answers
GPT 3.5
A. Their money had no federal protection.
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