One of the First Steps That President Roosevelt Took to Ease

question 67

Multiple Choice

One of the first steps that President Roosevelt took to ease the U.S.banking crisis of the 1930s was to

• A)declare a bank holiday,which closed banks for a week
• B)increase loans by the Fed to member banks
• C)decrease the reserve requirement
• D)increase the reserve requirement
• E)appoint a new chairman of the Fed

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Definitions:

Evaluate

To calculate the value of an expression.

Algebraic Expression

An expression built from constants, variables, and a finite number of algebraic operations (e.g., addition, subtraction, multiplication, and division).

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).

Distributive Property

The distributive property is a basic algebraic rule stating that \(a(b + c) = ab + ac\), allowing for multiplication to be distributed over addition or subtraction.