how did the fdic help people trust banks again? (1 point) fdic watched how banks lent money fdic punished…
how did the fdic help people trust banks again? (1 point) fdic watched how banks lent money fdic punished bad banks fdic made new banking rules fdic promised to protect bank savings
Answer
Brief Explanations:
The Federal Deposit Insurance Corporation (FDIC) was created to restore confidence in the banking system after the Great - Depression. It promised to protect bank savings up to a certain amount. This assurance meant that even if a bank failed, depositors would not lose their money, which made people trust banks again.
Answer:
FDIC promised to protect bank savings