Capital Access Programs (CAPs)that Are Designed to Encourage Lending Institutions

question 10

True/False

Capital Access Programs (CAPs)that are designed to encourage lending institutions to make loans to businesses that do not qualify for traditional financing.

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Definitions:

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.

Public Works Administration

A New Deal agency that contracted with private construction companies to build roads, bridges, schools, hospitals, and other public facilities.