All categories

3 years ago

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

Political party that believed in power held by a few people

myrzilka [38]

I think it is the federalist party. (I'm not 100% sure) But I do know the political party that believed in power held by MANY people. It is the Anti-Federalists.

8 0

3 years ago

Read 2 more answers

All of the following correctly describe mecca except

stiks02 [169]

Answer:

Option 2

Explanation:

4 0

2 years ago

Read 2 more answers

How society was impact from san francisco earthquake 1906

Sergio039 [100]

Answer:

The earthquake and fires killed an estimated 3,000 people and left half of the city's 400,000 residents homeless. Aid poured in from around the country and the world, but those who survived faced weeks of difficulty and hardship

Explanation:

4 0

2 years ago

What did Otto von Bismarck use to promote German unification?

zmey [24]

Answer:

Explanation:

Otto von Bismarck promoted German unification in two specific ways:

Politics and Nationalism

8 0

2 years ago

Lincoln's main purpose in "The Gettysburg Address" is to

Mumz [18]

B. Lincoln's purpose of the Gettysburg address was to help inspire soldiers to keep fighting the war even though they were close to victory.

3 0

3 years ago

Read 2 more answers