After the bank failures that occurred during the Great Depression of the 1930s, the U.S. government formed three organizations: the Federal Deposit Insurance Corporation (FDIC); the Savings Association Insurance Fund (SAIF); and National Credit Union Administration (NCUA) to restore people's confidence and insure deposits.

Question

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The FDIC, the SAIF, and the NCUA insure customer deposits in banks, savings and loans, and credit unions, respectively, up to a limit of $250,000.

After the Bank Failures That Occurred During the Great Depression