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kkurt [141]
3 years ago
11

How did Franklin Roosevelt attempt to restore trust in the banking system? A. He pushed billions of dollars of government money

into buying the banks. B. He declared a bank holiday and then kept most banks closed. C. He let the free market sort out strong and weak banks. D. He declared a bank holiday and developed a ranking system for banks.
History
2 answers:
algol [13]3 years ago
4 0

D. He declared a bank holiday and developed a ranking system for banks.

Franklin Roosevelt declared a three-day nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks. This effectively created 100 percent deposit insurance.

kati45 [8]3 years ago
3 0
The answer is D.he declared a bank holiday and developed a ranking system for banks
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