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Q: Explain the purpose of the FDIC and the social security act?
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Which of the following are major components of Social Security?

D.Federal Deposit Insurance Corporation (FDIC)


Which of the following items is not a major component of Social Security?

Private pension plans are not a major component of Social Security, as they are separate retirement benefits provided by employers or purchased individually. Social Security primarily consists of retirement, disability, and survivor benefits funded through payroll taxes.


How are social security and the fdic still important today?

Social Security is important today because it prevents the applications in which the President can take from a Credit Card Holder. A Social Security holds one's identity and cannot be replaced.


What did congress establish to insure bank deposits?

The Federal Deposit Insurance Corporation (FDIC).


What was the specific purpose of the FDIC?

Regulation's , Related Act's .


What happen to some of the new deal programs when they were challenged in court?

Franklin Roosevelt's New Deal began in 1933: among his programs were the Works Progress Administration, the Civilian Conservation Corps, the Tennessee Valley Authority, Social Security, the SEC and the FDIC.


Is Old Security Financial Group FDIC insured?

they claim that the deposits are but they are not. Whatever that means.


What was the FDIC's purpose?

The purpose was to give money to the bank. It also had the purpose of getting people to put money on other banks that were more popular.


What new deal agencies are still in place today?

Some that still survive areSecurities and Exchange Commission(SEC)Federal Deposit Insurance Corporation(FDIC),National Labor Relations Board(NLRB)Tennessee Valley Authority(TVA),Social Security Administration (much changed since its beginning)


What statement best explains the purpose of the FDIC?

to ensure that banks do not fail during an economic crisis


What happened to some the the Deal programs when they were challenged in court?

Franklin Roosevelt's New Deal began in 1933: among his programs were the Works Progress Administration, the Civilian Conservation Corps, the Tennessee Valley Authority, Social Security, the SEC and the FDIC.


What happened in some of the New Deal programs when they were challenged in court?

Franklin Roosevelt's New Deal began in 1933: among his programs were the Works Progress Administration, the Civilian Conservation Corps, the Tennessee Valley Authority, Social Security, the SEC and the FDIC.