History, 07.04.2020 00:46 lexilove262

American citizens regained faith in banks after congress created federal insurance corporation (FDIC) during the new deal.
what did the FDIC do?

a) it required the federal government to insure personal bank deposits in case the bank failed?

b) it gave people the right to withdraw all of their money without penalty of waiting period?

c) it allowed only healthy banks to remain open for the next five (5) years

d) it authorized federal government to immediately deposit $1 billion in banks to guarantee deposits?

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