Question

Which statement best describes the US government's role with the banking industry at the beginning of the Depression?

a. Federal agencies forced banks to close if they could not insure all of 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

The correct answer is D

The government had little involvement with monitoring the health of banks

I just took the test and D is correct.

Answer 2

The correct answer for the question that is being presented above is this one: "c. Individual banks were inspected and supervised by agents of the government." The statement that best describes the US government's role with the banking industry at the beginning of the Depression is that individual banks were inspected and supervised by agents of the government.