Which of the Following Is True of the Emergency Banking

question 68

Multiple Choice

Which of the following is true of the Emergency Banking Relief Act?

• A) It provided for the complete separation of commercial banking from investment banking.
• B) It provided for federally insured deposits in reopened banks.
• C) It put the responsibility for reopening banks into the hands of state examining boards.
• D) It provided for the reopening of banks that were solvent and the reorganization of those that were not.

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