President Franklin D. Roosevel believed that declaring a bank holiday and creating the Federal Deposit Insurance Corporation (FDIC) would help the nation's banking system by. a restoring public confidence in the banks reducing government regulation of banks c. 0 restricting foreign investments D granting tax relief to individuals

## Step 1: Understanding the FDIC's Purpose<br />### The FDIC was created to insure deposits in banks, protecting depositors from losses in case of bank failures. This aimed to restore public trust in the banking system after the Great Depression, encouraging people to deposit their money back into banks.<br /><br />## Step 2: Analyzing the Bank Holiday's Impact<br />### The bank holiday temporarily closed all banks, allowing the government to assess their solvency and stabilize the financial system. This action, combined with the FDIC's creation, aimed to rebuild confidence in the banking system.<br /><br />## Step 3: Evaluating the Options<br />### Option (a) aligns with the purpose of the bank holiday and the FDIC. Option (b) is incorrect as these actions increased government involvement. Option (c) is irrelevant to the question. Option (d) is also irrelevant.