During the $1920\text{'}$s there was:

Question $2$ options:

a$)$

no deposit insurance so depositor could lose their savings if a bank closed

b$)$

deposit insurance on all accounts

c$)$

deposit insurance on small accounts but no deposit insurance on large accounts so large depositors could lose their money if banks closed

d$)$

deposit insurance on large accounts but no deposit insurance on lsmall accounts so small depositors could lose their money if banks closed