Question

What was the reason FDR created the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC)?

a. to provide employment payments to the unemployed

b. to raise funds for recovery programs

c. to implement the new income tax amendments

d. to limit risks associated with savings and investments

Answer 1

FDR created the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) to limit risks associated with savings and investments. The correct option among all the options that are given in the question is the fourth option or option "D". I hope the answer helps you.