How did millions of Americans pay for the stocks that they purchased?
A. Borrowed the entire amount from the bank
B. Borrowed the money from banks to put 10% down on the stocks
C. Took 10% of the cost of the stock out of their
savings and borrowed the remaining 90%
D. Paid for the stocks from their savings
Answer - Option C
Took 10 % of the stock from their savings and 90% borrowed
The stock market breakdown lead to the condition. Earlier the stocks were purchased on credit if the people did not have enough savings
How did millions of Americans pay for the stocks that they purchased? A. Borrowed the entire...