The collapse of Penn Square Bank in 1982 caused the bank’s closure by the FDIC, many oil and gas companies to declare bankruptcy, and __________.

Question

A.
the temporary shutdown of the Oklahoma state government
B.
the subsequent collapse of other banks across the United States
C.
the recall of US loans made to OPEC nations
D.
a domestic oil embargo


Please select the best answer from the choices provided

A
B
C
D

Answer 1

B. the subsequent collapse of other banks across the United States