The main purpose of the Reconstruction Finance Corporation was to

Aprovide low-cost mortgages to homeowners facing foreclosure
Bprovide government credit to secure failing banks
Craise farm prices by encouraging farmers to reduce output
Dprovide work relief for the unemployed through public projects
Eprovide old-age pensions and unemployment benefi ts

Question

Bert0s1taalexiecha Bert0s1taalexiecha

20-01-2016
History

Answered

The main purpose of the Reconstruction Finance Corporation was to

Aprovide low-cost mortgages to homeowners facing foreclosure
Bprovide government credit to secure failing banks
Craise farm prices by encouraging farmers to reduce output
Dprovide work relief for the unemployed through public projects
Eprovide old-age pensions and unemployment benefi ts

Verified Answer :

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Answer : b. provide
government credit to secure failing banks

The Reconstruction Finance Corporation (RFC) is a government agency that aims
to help in providing assistance to institutions and businesses and other
institutions that need it. Later that time, RFC is already extended to aid in
supporting agricultural and other public works. Moreover, in the time of the
World War II, funding for the creation of war plants and even those to private
institutions are already part of the beneficiaries of the corporation.