answersLogoWhite

0


Best Answer

By preventing bank runs

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How was the federal depoist insurance corporation meant to prevent another depression?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics
Related questions

What is the definition of FDIC?

Federal Deposit Insurance Corperation a dept. of the federal reserve that insures bank deposits up to 250,000 in the event of a bank run,pre 2009 recesion it was only insured up to 100,000


Can I put a lien on my landlords house for with holding my depoist?

Maybe, but you'd need to get a judgment first.


Can a management company ask for a security depoist after tenant has lived there for 21 years without one?

Yes.


If you have direct depoist set up at your bank the bank overdrafts me?

You can still be overdrawn if you take out more than you put in


How do you find walgreen employee paycheck stub?

If you have direct depoist you can still pick up ur check with the check stub on it, or you can just log on to the employee website and print them out.


As an employee for fedex how do i use direct depoist?

You have to set up your direct deposit through Prism or the 3270 screen. If you not sure how to use these systems then you should get with your supervisor or any supervisor and they can show you how to set it up. Once you submit you bank information, it can take up to 2 pay cycles to become active.


What time does direct depoist go in?

It depends on a variety of factors, but the main ones are a) when your employer (or whoever) sends the money, b) when your bank gets the money, c) when your bank processes the money, and d) when your bank posts the change in your balance. Many go in between the first hour or so of the day (1201am-0130am, for instance), but not all.


What is the difference among a investors savings bank and a credit union?

One of the main differences of and investors savings bank, and a Credit Union is ownership. The members of a Credit Union are the owners of the bank, with every depoist into their account buying shares in the bank. A savings bank is directed by an elected board of directors, and usually deal with real estate financing.