SAT Question 1c7fe9be: Words In Context answer and explanation

English - Words In Context - Fill In Blank Single Word
0:00
FREE OFFICIAL BANK
At the turn of the twentieth century, Black residents of Richmond, Virginia, had few formal options for banking and other financial services. To ______ this situation, Maggie Lena Walker chartered the St. Luke Penny Savings Bank in 1903. The bank went on to provide home loans and savings opportunities to thousands of Black families over the following decades.
25
Difficulty:Medium
Which choice completes the text with the most logical and precise word or phrase?