Options B and C are the right answers, that President Roosevelt instituted a “Bank Holiday” to give banks time to look at banks were and reopen the solvent ones, and struggling banks were allowed to reopen with government financial help.
The Legislation of March 9, 1933, which was signed by President Roosevelt was a solution for banking and financial difficulties that the country confronted. As the Great Depression ruined the economy of the United States, people started withdrawing their money from banks. Therefore, President Roosevelt declared a four day banking holiday and then the Emergency Banking Act, which closed all banks to prevent further with-drawls. This four day banking holiday enabled the banks to pay back any debt they had and once they paid their debt they could reopen the banks. And those banks that could not pay their debts were given loans. All this help was given to the banks because President Roosevelt intended to restore the confidence of the American people in Banks when they reopened.
