ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This New Deal program insured the public’s deposits to make sure that the bank runs never happened again
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PWA
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WPA
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SSA
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FDIC
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Explanation:
Detailed explanation-1: -On June 16, 1933, President Franklin Roosevelt signed the Banking Act of 1933, a part of which established the FDIC.
Detailed explanation-2: -The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system.
Detailed explanation-3: -The Federal Deposit Insurance Corporation (FDIC) is known for protecting depositors, but we do more to connect with and protect the public. The FDIC was created in 1933 in response to the thousands of bank failures during the Great Depression of the late 1920s and early 1930s.
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