1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sliva [168]
3 years ago
12

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
Who made the most contributions to society, Ancient Africa or Ancient Asia, and how?
zhannawk [14.2K]
Ancient asia theu created more and did more than africa
5 0
3 years ago
When does interdependence occur?
shusha [124]

Answer:

multiple countries being dependent on one another. interdependence is a product of labor specialization.

Explanation:

7 0
3 years ago
9. Is there anything James I or Charles I could have done to avoid the civil war that occurred in 1648?
Svet_ta [14]
They could've worked with Parliament like Henry VIII & Elizabeth I
6 0
3 years ago
What are two rights defined in the declaration of independence
Ivahew [28]

Answer:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of

Happiness.

7 0
3 years ago
What was the main goal of the National Child Labor Committee?
Mariulka [41]
Their goal was to l<span>imit the amount of child labor in fact they wanted to eliminate it 

</span>
7 0
3 years ago
Other questions:
  • Americans went west in search of what
    7·2 answers
  • Prohibition “rode the coattails of the Progressive Movement.” What does that mean?
    11·1 answer
  • Which best describes prince henrys initial position on slavery
    14·1 answer
  • How might government change as a result of industrialization?
    13·1 answer
  • What are some of the limitations on abortion that the Supreme Court has allowed since the Roe v. Wade decision
    13·1 answer
  • The federal reserve system was created to
    6·2 answers
  • Why did Sam Houston tell Jim Bowie to abandon San Antonio..??
    5·1 answer
  • 1. why would someone want to live as an ascetic? ​
    10·1 answer
  • Malaking panyo na ipinapatong sa balikat bilang palamuti sa katawan​
    8·1 answer
  • Mohandas Gandhi advocated for an India characterized by
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!