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What was one of the reasons for creating the FDIC regulatory system in 1933?

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What was one of the reasons for creating the FDIC regulatory system in 1933?

What was one of the reasons for creating the FDIC regulatory system in 1933?

▸ To provide a modicum of bank confidence for depositors during the Great Depression

▸ To restructure the financial system

▸ To encourage banks to achieve greater returns on investment

▸ To discourage banks to take irresponsible risks with their depositors' money

Textbook

Macroeconomics

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 46 times

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