Question

What was the purpose of the National Credit Corporation?

A) to increase the amount of currency in circulation

B) to begin borrowing money to spend in a deficit

C) to extend credit to people in order to secure them homes

D) to lend money to companies to stimulate hiring

Answer 1

It should be A.

That would help the banks from closing down.

Answer 2

Answer: it should be A

Explanation: The National Credit Corporation was an organization created in 1931 in the United States by President Herbert Hoover 's administration to try to stop bank failure stemming from the Great Depression, and was a forerunner of the Reconstruction Finance Corporation.