What Major Change Did FDR Support That Restored Confidence in Banks

question 2

Multiple Choice

What major change did FDR support that restored confidence in banks?

• A) Declared a 30 day bay holiday.
• B) Fired most bank presidents.
• C) Repayment of personal loans.
• D) Closed most of them.
• E) Guaranteed deposits.

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their liquidity.

Budgeted Disbursements

Planned financial outflows or payments calculated in advance as part of a budgeting process, often categorized and scheduled over a specific period.

Desired Balance

The target or goal for the balance of an account or budget at a specific point in time.

Budgeted Receipts

Expected cash or revenue amounts a business plans to receive over a certain period according to its budget.