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Name one of the effects of the creation of deposit insurance under the FDIC during the Great Depression. Question 16Answer a. It restored confidence in
Name one of the effects of the creation of deposit insurance under the FDIC during the Great Depression. Question 16Answer a. It restored confidence in the banking system and reduced bank runs. b. It increased depositor monitoring and decreased the risk taken by bankers. c. It led to an increase in the size and reserves of banks. d. It resulted in a decrease in interest rates offered by banks
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