What caused banks to fail during the depression?

Question

(1 point)
Responses

There were more banks than there were depositors.
There were more banks than there were depositors.

More people decided to keep their money in cash at home.
More people decided to keep their money in cash at home.

The government lowered tariffs, reducing barriers to global trade.
The government lowered tariffs, reducing barriers to global trade.

A large number of people withdrew their money from banks at the same time.

Answer 1

A large number of people withdrew their money from banks at the same time.