The major decline in oil prices in early 1980 that resulted in bankruptcy of many banks and saving and loans in the southwest U.S.resulted in a major Midwestern bank taking bankruptcy because of

A) interstate banking.
B) intra bank loans.
C) cost of gasoline declined at the pump.
D) decrease in the values of oil leases in the Midwest.

The major decline in oil prices in the 1980s resulted in the bankruptcy of many banks and saving and loans in the southwest U.S. This led to a situation where a major Midwestern bank had to take bankruptcy because of intra-bank loans, which were loans made between different branches or divisions of the same bank. As the oil industry and related businesses began to fail, banks and other financial institutions began to suffer losses on their loans and investments, causing a ripple effect throughout the industry. This ultimately led to the failure of some of the largest and most established banks and financial institutions in the country.