Multiple Choice
What was true of the Emergency Banking Relief Act?
A) It provided for the complete separation of commercial banking from investment banking.
B) It provided for federally insured deposits in reopened banks.
C) It put the responsibility for reopening banks into the hands of state examining boards.
D) It provided for the reopening of banks that were solvent and the reorganization of those that were not.
Correct Answer:
Verified
Correct Answer:
Verified
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