THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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allow for a quick recovery of stock prices
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provide direct loans to businesses
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protect individual investors from stock fraud and bank failure
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allow banks and companies to invest in the stock market
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Detailed explanation-1: -FDIC insurance helps insure assets in deposit accounts at member banks in the event that the bank fails. This means you can recoup your bank account’s funds through the insurance program if your banking partner can’t pay your money back directly.
Detailed explanation-2: -The FDIC protects depositors of insured banks located in the United States against the loss of their deposits if an insured bank fails. Any person or entity can have FDIC insurance coverage in an insured bank.
Detailed explanation-3: -The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.
Detailed explanation-4: -1 Answer. The SEC and FDIC were created to create stability in the US banking system for the average consumer.