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question 73

Multiple Choice

Multiply. Multiply. A) B) C) D) E)

Definitions:

Glass-Steagall Act

Enacted in 1933, this Act separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation (FDIC) to protect bank deposits.

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in American commercial banks and savings institutions.

Commercial Banks

Commercial banks are financial institutions that provide a variety of services, including accepting deposits, lending money, and offering checking and savings accounts to individuals and businesses.

Harold Ickes

An American administrator and politician, known for his service as the Secretary of the Interior under President Franklin D. Roosevelt and his work on the New Deal projects.