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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

User Mike Brant
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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.
User Ycomp
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The correct answer is C, Declaring a Bank Holiday to give banks time to get in order, is how Roosevelt attempted to restore the nation's confidence in the banking system.

The Legislation of March 9, 1933, which was signed by President Roosevelt was a solution for banking and financial difficulties that the country confronted. As the Great Depression ruined the economy of the United States, people started withdrawing their money from banks. President Roosevelt set out to rebuild the confidence in the banking system of the U.S,. Therefore he declared a four day banking holiday and then the Emergency Banking Act, intended to restore the confidence of the American people in Banks when they reopened.

User Ekky
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