3
practice examMultiple Choice

Practice Exam

Question 3 • US History

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

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

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.

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