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What was one short-term effect of the Emergency Banking Act?

a. Roosevelt declared a bank holiday.
b. Commercial and investment banking were split.
c. Banks began to fail because of ongoing bank runs.
d. People stopped rushing to banks to withdraw all their savings.

User N S
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2 Answers

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The correct answer is D hoep this helped
User Slex
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One short term effect of the Emergency Banking Act was President Roosevelt declared a bank holiday. The correct answer is A. 
User Dominick Pastore
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