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Earn +20 ptsQ: Why is the federal deposit insurance corporation created?
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When was Federal Deposit Insurance Corporation created?
Federal Deposit Insurance Corporation was created in 1933.
Congress created the federal deposit insurance corporation in order to do what?
protect peoples savings accounts
Why was the Federal Deposit Insurance Corporation created?
It provides deposit insurance which guarantees the safety of checking and savings deposits in member banks, currently up to $100,000 per depositor per bank.
Which act established the federal deposit insurance corporation?
Glass-Steagall Banking Act
This New Deal organization insured individual bank deposits?
FDIC - Federal Deposit Insurance Corporation
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