Question

Which agency created during Franklin Roosevelt's administration is still functioning today?

Answer 1

Federal Deposit Insurance Corporation (FDIC)

Answer 2

Answer:

The agency created during Franklin Roosevelt's administration that is still functioning today is the Federal Deposit Insurance Corporation.

Explanation:

The Federal Deposit Insurance Corporation (FDIC) is a federal agency independent of the United States, that was formed as a result of the Great Depression of 1929.

This agency was created after the approval of the Glass-Steagall Act (1933), which among other things established the creation of the FDIC, whose mission is to guarantee the recovery of depositors' money if a bank goes bankrupt. The FDIC provides money when financial institutions fail, inspiring confidence to banks and customers.

The agency guarantees deposits of up to $ 250,000 in member commercial banks, helping to maintain the solvency of the United States financial system.