7
practice examMultiple Choice

Practice Exam

Question 7 • US History Studies Since 1877

New Deal regulation of the banking industry resulted in the creation of

Answer
A
the National Recovery Administration.
B
the Federal Deposit Insurance Corporation.
C
the Public Works Administration.
D
the Civilian Conservation Corps.

Explanation

New Deal banking reforms created the Federal Deposit Insurance Corporation (FDIC) in 1933. It insures bank deposits, helping protect customers and restore confidence in the banking system. The National Recovery Administration, Public Works Administration, and Civilian Conservation Corps were New Deal programs, but they were not banking regulators.

AI-written and checked against the verified answer.

Previous
Next