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Alex Ar [27]
3 years ago
5

Beginning in 1933, the Federal Deposit Insurance Corporation: a) protected banks from failing. b) offered financial protection f

or stock investors. c) protected the assets of bank depositors up to $2,500. d) gave the government authority to transfer the funds of failing banks to strong banks. e) prevented banks from speculating irresponsibly.
History
1 answer:
BabaBlast [244]3 years ago
5 0

Answer:

C) Protected the assets of bank depositors up to 250,000 Dollars is the correct answer.

Explanation:

Federal Deposit Insurance Corporation was created in 1933 and its purpose was to stabilise the financial system and maintain it. It is an independent insurance agency and prudence in the events of bank failures. If an institution is a member firm then FDIC insures deposits upto 250,000 per depositor. Before FDIC the deposits in the bank were not safe as the banks could face run, bank run wrecked many banks during the Great Depression. Now due to FDIC there is less uncertainty about losing their deposits.

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