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Question

To protect citizens from bank failures, Franklin D. Roosevelt and Congress established the _________.

A
National Industrial Recovery Act (NIRA)
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B
Securities and Exchange Commission (SEC)
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C
Federal Deposit Insurance Corporation (FDIC)
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D
Social Security Administration
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E
Federal Reserve System
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Solution

The correct option is B Federal Deposit Insurance Corporation (FDIC)
To protect citizens from bank failures, Franklin D. Roosevelt and Congress established the Federal Deposit Insurance Corporation (FDIC).

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