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how did the fdic restore faith in american banks? by federally insuring…

Question

how did the fdic restore faith in american banks? by federally insuring funds invested into approved banks by limiting banks’ ability to speculate in the stock market by closing banks responsible for losing customers’ savings

Explanation:

Brief Explanations

The Federal - Deposit Insurance Corporation (FDIC) was created to protect depositors. By federally insuring funds invested into approved banks, it gives depositors confidence that their money is safe even if a bank fails. This was a key measure to restore faith in the banking system after the Great Depression.

Answer:

by federally insuring funds invested into approved banks