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during the great depression, many banks a charged higher interest rates because money was in short supply. b grew wealthy from foreclosing on mortgages that people could not pay c were forced to close when bank runs drained their reserves d became wildcat banks because of the uncertain conditions

Respuesta :

Option (c) is the best choice. Many banks were forced to close during the Great Depression because bank runs depleted their reserves.

What connection did banks have to the Great Depression?

A wave of financial panics or "bank runs," during which many concerned people withdrew their savings in cash, forced banks to liquidate loans, and frequently resulted in bank failure, was another occurrence that exacerbated the country's economic problems during the Great Depression.

The Great Depression forced banks to close, why?

Many of the smaller banks had borrowed significant amounts of their assets for stock market speculation, and when the market crashed, they were all but forced out of business. A total of 9,000 banks failed, wiping out the assets of depositors worth $7 billion.

Learn more about Great Depression: https://brainly.com/question/3675835

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