Which was not a factor that caused many large city banks to close?
1. Many banks failed because of corrupt bank officers.
2. Many banks ran out of money when depositors withdrew their savings.
HE
3. Banks loaned a great deal of money to speculators who later went broke.
4. Banks loaned money to businesses that went bankrupt.
WILL MARK BRILLIANT
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Which was not a factor that caused many large city banks to close?
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