asked 45.0k views
1 vote
What did the Emergency Banking Act allow the government to do?

2 Answers

0 votes

Answer:

The act expanded the president's regulatory authority over the nation's banking system, granted the comptroller of the currency the power to restrict the operations of banks with impaired assets, and gave the Federal Reserve Board the authority to issue emergency currency backed by assets of a commercial bank.

Step-by-step explanation:

sorry for the long answer but it should make more this way.

1 vote

Answer:

The act expanded the president's regulatory authority over the nation's banking system, granted the comptroller of the currency the power to restrict the operations of banks with impaired assets, and gave the Federal Reserve Board the authority to issue emergency currency backed by assets of a commercial bank.

Step-by-step explanation:

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.