Question

What was the purpose of the Emergency Bank Act?

A. It sent government workers in to run state banks.
B. The Act allowed for emergency withdrawals for any amount of money.
C. It closed banks down, allowed the government to look closely at them and open them up if they were fiscally sound.
D. It was a training program for national banks.

Answer 1

Answer: c

Explanation: It closed banks down, allowed the government to look closely at them and open them up if they were fiscally sound.