Which of the Following Did Not Contribute to the U

Multiple Choice

Which of the following did not contribute to the U.S. banking collapse of 1929-1933?

A) ​The Federal Reserve System and other government agencies did not act quickly or decisively enough.
B) ​Deposit insurance did not exist at that time.
C) ​The banking industry consisted of only a few very large banks.
D) ​The fact that the economy was in a continuous downward spiral during this period undermined depositors' confidence in the solvency of the banks.