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

Question

Quizplus · Accepted Answer

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

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