One of the most important achievements of the New Deal in the area of banking was included in a 1933 act. This key reform
A) was the uniting of investment and commercial banking so that bankers could more readily transfer depositors' money.
B) was the Federal Deposit Insurance Corporation, so that the government would guarantee bank deposits.
C) allowed weak banks to default on corporate loans, so that they could meet their obligation to individual depositors.
D) was the creation of the Federal Reserve System to regulate the banking industry.
Correct Answer:
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