The Federal Deposit Insurance Corporation (FDIC) Was Created

question 6

Multiple Choice

The Federal Deposit Insurance Corporation (FDIC) was created:

• A) in 1933 as a part of the Glass-Steagall Act.
• B) when the Federal Reserve was created in 1914.
• C) prior to the stock market crash of 1929.
• D) in 1927 as a part of the McFadden Act.

Recognize how sentence structure affects readability and emphasis.

Identify strategies for emphasizing the real subject in a sentence.

Understand how to achieve conciseness in writing by eliminating unnecessary phrases.

Understand the distinction between sex, gender, and gender identity.

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Definitions:

Compounded Continuously

Compounded continuously refers to the calculation of interest earned on an investment or loan where the interest is added perpetually at every possible moment, following the formula \(A = Pe^{rt}\), where \(A\) is the amount, \(P\) the principal, \(r\) the rate, and \(t\) the time.

Saving Account

A type of bank account where money is deposited to earn interest over time.

Decimal Places

The tally of numbers present right of the decimal point in a given number.

Annual Interest Rate

The percentage rate charged or paid over a period of one year for a loan or investment.