Question

How did the government react to the collapse of the Penn Square Bank?A. left the market alone to recover.B. instituted new legislation.C. closed all banks across the country.D. arrested the owners of the bank.

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Answer 1

Answer: The government reacted to the collapse of the Penn Square Bank by instituting new legislation. After the collapse of the bank in 1982, which was due to risky lending practices and fraud, the government recognized the need for stronger regulations to prevent similar situations in the future.

Answer 2

Your answer is gonna be A