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

Question

Quizplus · Accepted Answer

The statement accurately describes the formation of the FDIC, SAIF, and NCUA after the bank failures of the Great Depression.

After the Bank Failures of the Great Depression, the U