Question

What did the Emergency Banking Act allow the government to do? (4 points)

Select one:
a. to insure customers' deposits up to $5,000
b. to reorganize and reopen banks with enough money to operate
c. to hire workers to staff deserted banks and financial institutions
d. to borrow money so that it could spend more than it took in

Answer 1

The Emergency Banking Act allowed the government to reorganize and reopen banks with enough money to operate. The correct option among all the options that are given in the question is the second option or option "b". I hope that this is the answer that has actually come to your desired help.