What was one short-term effect of the Emergency Banking Act?

Roosevelt declared a bank holiday.

Commercial and investment banking were split.

Banks began to fail because of ongoing bank runs.

People stopped rushing to banks to withdraw all their savings.

Question

What was one short-term effect of the Emergency Banking Act?

 Roosevelt declared a bank holiday.

 Commercial and investment banking were split.

 Banks began to fail because of ongoing bank runs.

 People stopped rushing to banks to withdraw all their savings.

anonymous · Answer

The Emergency Banking Act only had short term effects because it closed banks and then reopened them when they could be financially secure. 
A short term effect of it is that people would leave their money in the banks.