How did the creation of the Federal Deposit Insurance Corporation help and the banking crisis?

How did the creation of the Federal Deposit Insurance Corporation help and the banking crisis?
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Description : Why did FDR create the Federal Deposit Insurance Corporation?

Last Answer : To prevent future bank runs and the resulting bank crashes thathad caused the rapid fall into depression following the StockMarket crash as investors rushed to banks to try to get theirsavings out ( ... (transferring the customer'saccounts).This was expected to help stabilize the economy of the US.

_________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) A. Fixed Deposit B. Demand Deposit C. Flexi-Fixed Deposit D. All of the Above

Description : _________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) A. Fixed Deposit B. Demand Deposit C. Flexi-Fixed Deposit D. All of the Above

Last Answer : A. Fixed Deposit Explanation: Fixed Deposit investments are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

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Last Answer : A. RBI Explanation: Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for ... recurring deposits for up to the limit of Rs. 100,000 of each deposits in a bank.

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Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

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Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

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Description : Assertion (A): The development of agriculture and industry leads to the development of tertiary sector. Reason (R): As the agriculture and industrial sectors develop, the demand for storage, transport, banking, insurance, etc, increases ... A. (c) A is true but R is false. (d) Both A & R are false.

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Last Answer : Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.

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