Question

I do not promise you that every bank will be reopened or that individual losses will not be suffered, but there will be no losses that possibly could be avoided; and there would have been more and greater losses had we continued to drift. I can even promise you salvation for some at least of the sorely pressed banks. We shall be engaged not merely in reopening sound banks but in the creation of sound banks through reorganization. It has been wonderful to me to catch the note of confidence from all over the country. I can never be sufficiently grateful to the people for the loyal support they have given me in their acceptance of the judgment that has dictated our course, even though all of our processes may not have seemed clear to them.

How does this passage help to reassure the public?

A It offers a grand promise that no American will lose money during the current crisis.
B It provides a realistic picture of how bank holidays will help solve the crisis.
C It describes a typical American who has already benefited from the plan.
D It uses humor to set the public at ease and gain their support.

Answer 1

Answer:

Answer is option B.

Explanation:

Answer 2

(B) It provides a realistic picture of how bank holidays will help solve the crisis.

Banks:

• A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits.  
• The bank may engage in lending activities directly or indirectly through the capital markets.
• Because banks are crucial to the financial stability and economic health of a nation, they are subject to intense regulation in most jurisdictions.
• The majority of nations have institutionalized the fractional reserve banking system, in which banks keep liquid assets that are only partially equivalent to their current liabilities.
• Banks are typically subject to minimum capital requirements based on an international set of capital rules, the Basel Accords, in addition to additional restrictions meant to ensure liquidity.

Therefore, the correct answer is (B) It provides a realistic picture of how bank holidays will help solve the crisis.

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