The Federal Deposit Insurance Corporation or the FDIC was a New Deal program designed to prevent bank failures and restore the public's faith in the banking system.

TRUE OR FALSE

True.

Explanation:

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

In order to counter the problem with bank runs, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933.

Furthermore, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

why do you think kush in nubia is not as well-known as egypt?

(d) rivers.

explanation:

civilizations developed around rivers because their waters provided places to hunt and fish. also, as the rivers flooded, the lands around them became fertile. this allowed them to support farming. this is especially true of the nile river, which flooded the same time each year.