One of the first steps that President Roosevelt took to ease the U.S.banking crisis of the 1930s was to
A) declare a bank holiday,which closed banks for a week
B) increase loans by the Fed to member banks
C) decrease the reserve requirement
D) increase the reserve requirement
E) appoint a new chairman of the Fed
Correct Answer:
Verified
Q91: What activity does the Fed undertake when
Q100: The powers of the Federal Reserve System
Q134: The Federal Open Market Committee was established
Q149: The chairman of the Fed serves
A)a two-year
Q151: Because corporate bonds and stocks were considered
Q152: The reserve requirement is
A)the percentage of deposits
Q155: Open-market operations involve
A)clearing checks
B)lending money to member
Q156: The Federal Open Market Committee (FOMC)consists of
A)the
Q157: The FDIC insures deposits in
A)all banks
B)Federal Reserve
Q158: The actions of the Fed
A)must be approved
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