Question

Which statement best describes the us government's role with the banking industry at the begging of the depression?

A. Federal agencies forced banks to close if they could not insure all their accounts
B. The government passed laws to provide insurance on individual accounts
C. Individual banks were inspected and supervised by agents of the government
D. The government had little involvement with monitoring the health of banks

Answer 1

B. The government passed laws to provide insurance on individual accounts

Step-by-step explanation:

before the depression

when the us government didnt have a role

sometimes

the owner of the bank ran off with all the money

insurance is called fdic

guarantees $250,000 per account