What did customers not repaying loans do to banks?

History

2 answers:

Nikolay [14]3 years ago

5 0

Answer:

If the borrowers do not repay a loan, the bank will seize their collateral. Hence, the consequence of not paying a secured loan is simple: you will lose whatever collateral you put up for the loan. Most Regular Singaporeans Take Unsecured Bank Loans It is impractical for a bank to demand secured loans for small sums like S$10,000 or S$20,000.

Explanation:

erik [133]3 years ago

3 0

Answer:

The banks' customers could not repay their loans.

People sold off bank stocks, making them worthless.

People stopped taking out loans because they were bankrupt.

The Federal Reserve Board reduced how much money it gave banks to loan.

You might be interested in

How did the Navajo serve in World War II?

lana [24]

Answer:

The answer is A: As code talkers in the Pacific

Explanation:

5 0

3 years ago

What transformed japanese society at the turn of the century?

Tomtit [17]

The need to completely recover from the damages left during the post World War ll made Japan eager to overcome. They educated and trained themselves to rebuild their economy. They also opened their country to free trade. Everyone had became a part of social reconstruction in all different aspects including soldiers. They sought out ways to build new industries such as micro technology to cater the needs of the world market.

3 0

3 years ago

A company that relocates to the area of California known as "Silicon Valley" would be MOST likely to be involved in which busine

poizon [28]

C. Computers
The Silicon Valley is where Apple is located

4 0

3 years ago

Read 2 more answers

• How did power in North America shift after the French and Indian War?

Evgesh-ka [11]

Answer:the US partnered with France and got more power

Explanation: