In 1933, the ________ was established to prevent bank runs; in 2008, the ________ was set up to increase liquidity in financial markets.
A) Troubled Asset Relief Fund; AIG
B) Federal Deposit Insurance Corporation; Troubled Asset Relief Fund
C) U.S. Department of Treasury; Comptroller of the Currency
D) Federal Reserve System; Federal Deposit Insurance Corporation
E) Depository Institutions Deregulation and Monetary Control Act; Glass-Steagall Act

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) was established in 1933 to prevent bank runs by insuring deposits. The Troubled Asset Relief Fund (TARP) was set up in 2008 to increase liquidity in financial markets during the financial crisis.

In 1933, the ________ Was Established to Prevent Bank Runs;