Question

What did the Emergency Banking Act give President Roosevelt the authority to do?

A.take over banks and pay depositors with government bonds
B.sell ailing banks to the highest bidder
C.close the accounts of people with poor credit
D.temporarily close banks while they got their accounts in order

Answer 1

The Answer is D. Temporarily close banks while they got their accounts in order

Answer 2

The Emergency Banking Act of 1933 was a bill passed during President Roosevelt's administration in the aftermath of the Great Depression. The measure aimed at restoring investor confidence and stability in the banking system by shutting down U.S. banks for finantial inspections. Once a bank was deemed financially sound, it was allowed to re-open.

Therefore, the correct answer is D.temporarily close banks while they got their accounts in order.