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Which action caused the banking crisis?
O A. People lost confidence in the banks and withdrew their money at alarming rates.
OB. Banks loaned too much money because so many people were struggling financially.
Ос.
Banks lowered their interest rates too much in an effort to help borrowers.
OD
Banks froze deposits to reduce the excessive flow of cash that was causing inflation.
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Respuesta :

Answer:

C. Banks lowered their interest rates too much in an effort to help borrowers.

Explanation:

A lot of it mainly had to do with the housing mortgages where lenders/banks provided lowered interest rates for investors so they can invest in more securities.

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