Question

Two days after President Franklin Roosevelt took office, he declared a "bank holiday" which closed every bank in the nation. Only banks with enough money were allowed to reopen. What effect did the bank holiday have?

A.
It helped restore trust in the banking system.


B.
It encouraged foreign companies to deposit money in American banks.


C.
It largely ended the Depression.


D.
Most banks went out of business.

Answer 1

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A) it helped restore trust in the banking system.

Hope this helps,.

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Answer 2

I think the answer is "A". If it is correct, please mark me as brainliest^_^