Which statement best describes the US government's role with the banking industry at the beginning of the Depression?
a. Federal agencies forced banks to close if they could not insure all of their accounts.
b. The government passed laws to provide insurance on individual accounts.
c. Individual banks were inspected and supervised by agents of the government.
d. The government had little involvement with monitoring the health of banks.
The right answer for the question that is being asked and shown above is that: "a. Federal agencies forced banks to close if they could not insure all of their accounts." The statement best describes the US government's role with the banking industry at the beginning of the Depression is that federal agencies forced banks to close if they could not insure all of their accounts.
