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Question
according to roosevelt, why was it necessary to open the banks over several days?
\it is necessary that the reopening of banks be extended over a period in order to permit the banks to make applications for necessary loans, to obtain currency needed to meet their requirements and to enable the government to make common sense checkups. let me make it clear to you that if your bank does not open the first day you are by no means justified in believing that it will not open.\
franklin roosevelts fireside chat on march 12, 1933
○ to ensure that all banks are members of the fdic
○ to prevent the banks from acquiring too much currency
○ to prevent banks from applying for unnecessary loans
○ to allow the government to make an examination of the banks
We analyze the quote from Roosevelt. The text says reopening over days allows banks to apply for loans, get currency, and the government to do "common sense checkups" (examinations). Let's check options:
- First option: FDIC membership isn't mentioned. Eliminate.
- Second option: The goal is to get currency, not prevent. Eliminate.
- Third option: The text says "necessary loans", not prevent unnecessary. Eliminate.
- Fourth option: "Government to make common sense checkups" matches "allow the government to make an examination". This fits.
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D. to allow the government to make an examination of the banks