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Bank runs greatly increased after Roosevelt's election because people feared he would abandon the gold standard and reduce the value of the dollar to fight the Depression.
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∙ 14y ago
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What legislation did congress pass the day after Franklin Roosevelts inauguration?
The Emergency Banking Bill was passed by Congress the day after Franklin Roosevelt's inauguration. A bank holiday was declared, and all banks were closed for a week to prevent a collapse of the banking system. After the banks re-opened, the public confidence in the system was restored, due to measures taken by Roosevelt.
When an owner deposits cash in an account in the name of the business it is an increase to?
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
Why does your bank statement show a credit for an increase in your cash balance?
It's because the bank statement is written from the POV (bank's point of view). In the double entry system, a debit entry is an increase in an asset or expense/decrease in income or a liability while a credit entry is an increase in a liability or income/decrease in an asset or expense. When you pay money into the bank this increases the amount the bank owes you or decreases the amount you owe the bank. From the bank's point of view this means an increase in the amount they owe you (their liabilities have increased) or a decrease in the amount you owe them (their assets have decreased). Hence, an increase in your cash balance at the bank is a credit entry on the statement your bank sends you.
Accompanying the bank statement was a debit memorandum for bank service charges what entry is required in the depositor's account?
increase cash, increase accounts payable
Is an increase to your bank statement a debit or credit?
credit
Bank staff request increase his salary?
Yes.
What increase the commercial bank's reserve?
foreign reserves
How can one go about increasing their current account overdraft?
If someone needs to increase the current amount of overdraft on a bank account, one would have to contact the bank. There are papers that have to be signed to increase any limits on a bank account.
How can you reduce pollution in the West Bank?
increase regulations on industry
Did bank closures increase or decrease from 190 to 1923?
Bank closures could only have increased from 190 to 1923.
If the Federal Reserve sells a Treasury bond to a bank what will be the effect on the interest rate the bank charges its customers for a loan?
The interest rate will increase since there are fewer available
What to be done to reduce pollution in the West Bank?
increase regulations on industry
