Question

The Reconstruction Finance Corporation Multiple Choice lent funds only to financial institutions with sufficient collateral. focused most of its spending on large urban cities in the Northeast. was created by Congress over President Herbert Hoover’s veto. was ruled unconstitutional by the Supreme Court. spent most of its money trying to prop up unstable local banks.

Answer 1

lent funds only to financial institutions with sufficient collateral.

Step-by-step explanation:

The Reconstruction Finance Corporation (RFC) was was an independent government agency established by Congress in 1932 and lasted until 1957. Its main duties included providing financial support to banks which were in really bad shape due to the Great Depression. President Roosevelt expanded the role of the RFC and it started to financial resources to sate and local governments for infrastructure projects.