In which way did Roosevelt attempt to restore the nation's confidence in the banking system?

a. Ordering banks to keep 100 percent of deposits in cash

b. Firing and replacing top banking executives

c. Declaring a bank holiday to give banks time to get in order

d. Lowering interest rates

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History

Honey Pie

31 May, 15:09

In which way did Roosevelt attempt to restore the nation's confidence in the banking system?

a. Ordering banks to keep 100 percent of deposits in cash

b. Firing and replacing top banking executives

c. Declaring a bank holiday to give banks time to get in order

d. Lowering interest rates

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Answers (1)

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Janae Gray · Answer 1

One of the ways in which Roosevelt attempted to restore the nation's confidence in the banking system was by " c. Declaring a bank holiday to give banks time to get in order," since this meant that people could not withdraw their funds.

In which way did Roosevelt attempt to restore the nation's confidence in the banking system?a. Ordering banks to keep 100 percent of deposits in cashb. Firing and replacing top banking executivesc. Declaring a bank holiday to give banks time to get in orderd. Lowering interest rates

In which way did Roosevelt attempt to restore the nation's confidence in the banking system?

a. Ordering banks to keep 100 percent of deposits in cash

b. Firing and replacing top banking executives

c. Declaring a bank holiday to give banks time to get in order

d. Lowering interest rates