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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Aided farmers by paying farmers to limit their supply of crops gown
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Guaranteed that bank deposits would be repaid if the bank closed
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Provided money directly to Americans to pay their bills
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Set production limits and rules to aid workers in industries
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Detailed explanation-1: -Deposit insurance is a significant aspect of the financial safety net system basically intended to promote financial stability. Deposit insurance is a guarantee that a depositor’s debt with a bank will be honored in the event of bankruptcy.
Detailed explanation-2: -The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.
Detailed explanation-3: -The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.