The purpose of the bank holiday declared by Franklin Roosevelt in 1933 was to:
A) close all banks until regulators could determine how to solve the banking crisis.
B) give overworked bank employees a rest.
C) exempt banks from taxes until the Depression was over.
D) encourage people to use cash instead of checks.
Correct Answer:
Verified
Q249: When it was established in 1913, the
Q250: The bank runs in 1930, 1931, and
Q251: Between 1864 and 1913, American banking was
Q252: According to the Glass-Steagall Act of 1933:
A)investment
Q253: By 1933, banks were able to borrow
Q255: Before the Panic of 1907, trusts:
A)issued their
Q256: The Glass-Steagall Act of 1933:
A)established the Reconstruction
Q257: Trusts _ than national banks.
A)were more closely
Q258: Savings and loans' difficulties began in the
Q259: Many S&Ls failed in the 1980s mainly
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