The banking system collapsed as an effect of the stock market crash because:
a. banks had to...
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The banking system collapsed as an effect of the stock market crash because:
a. banks had to pay all the businesses insured against bankruptcy.
b. ran out of cash to pay all the investors who needed ready money after the crash.
c. had lent huge sums to foreign banks that could not repay the loans after the crash.
d. were already in a crisis, and the stock market crash made them run out of money.
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