Franklin Roosevelt's first action as president was to declare a national bank holiday. Which best describes Roosevelt's plan for this holiday?

A) Banks were to be temporarily closed while a general plan was developed to protect the public's savings

B) Banks were to be closed for business for one week to allow depositors to assess their financial situations.

C) Banks were to refrain from demanding loan repayment for a specified time.

D) Banks were to be taken over by the federal government.