Fraction for 58% is 29/50
The Abbasids would have required a common currency given the span of their empire. At their height of power, they built a coalition of Persian mawali, Eastern Arabs, and Shiites. As a result, a common currency could have aided in trade among all these groups
FDIC provided stability to the economy and the failing banking system.
<u>Explanation:</u>
FDIC is an insurance corporation started by the Federal Reserve. The Great Depression's effect by the stock market crash in 1912 existed until the Federal Reserve started this FDIC. The stock market crash resulted in the termination of many banks.
People started to run towards the banks to get their money back. FDIC was started by President Franklin D Rosevelt. It was created to cover the deposited amounts in the banks by the depositors. It provided stability for the country's economy and also the failing banks.
Also, prevented the banks and people from the bank failing panics. This led the banks to increase the lending money without a proportionate rise in the loan losses. That, in turn, resulted in a significant rise in the banks' assets.
