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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.

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After the World War I, with millions washed away, people thought it was the end, but the break of World War II was even more worst than World War I. World War II or also known as the Second World War was fought between 1939 – 1945 in the Europe and Asia.  

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