80.8k views
21 votes
Describe the failure of the banking system. During the Great Depression. Don’t send me any files or links. I want the answer typed and make sure it won’t get deleted before you submit your answer please. I will give you a brianlist of whoever follows the directions right. Please do it right.

User Pbahr
by
8.0k points

1 Answer

5 votes

Banking system is good but there are some weakness

  • Sometimes bank becomes target for cyber security
  • It's system gets hac ked or server gets down .
  • Sometimes Robbers raid there to steal money .
  • The loan interest rate is hard for consumers

Hence banking system has some failures

User Turtleboy
by
7.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.