when banks closed as a result of the financial crisis of the great depression, depositors were given stock…

when banks closed as a result of the financial crisis of the great depression, depositors were given stock shares instead of cash in compensation. could retrieve the money from their accounts before closure. lost any savings they had kept at a closed bank. could recover their savings from the government.

when banks closed as a result of the financial crisis of the great depression, depositors were given stock shares instead of cash in compensation. could retrieve the money from their accounts before closure. lost any savings they had kept at a closed bank. could recover their savings from the government.

Answer

Answer:

C. lost any savings they had kept at a closed bank.

Brief Explanations:

During the Great Depression, without deposit - insurance, when banks closed, depositors typically lost their savings. There was no government - backed recovery mechanism at that time for individual depositors, and they couldn't retrieve money from closed banks or get stock shares as compensation in most cases.