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Why did FDR create the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC)?

a.to provide employment payments

b.to the unemployed to raise funds for recovery programs

c.to implement the new income tax amendments

d.to limit risks associated with savings and investments

Verified Answer :

awesome0101

The answer is D. to limit risks associated with savings and investments.

The reason why FDR created the Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange comission was: d.to limit risks associated with savings and investments

Federal Deposit Insurance Corporation provided insurance for the people who were willing to save their money in the banks during the great depression period.  Securities and Exchange comission  (SEC) was created to prevent companies and brokers to conduct inside tradings that would heavily harms other investors.


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