The Banking Act of 1935 Has Been Called the "Single

The Banking Act of 1935 has been called the "single most important piece of banking legislation since the original Federal Reserve Act" because the act

A) guaranteed the solvency of member banks.
B) gave the Fed authority to take a leadership role in setting monetary policy.
C) made the Fed subservient to the Treasury, thus ensuring control of its power.
D) made the Fed a "reactive" agency, thus encouraging more sensitivity to political pressures of the times.
E) committed the U.S. government to continue backing its currency with gold.