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The Fdic Pros And Cons

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FDIC, which stands for Federal Deposit Insurance Corporation, was formed in 1933 after the bank failures during the 20’s. The FDIC provides insurance for deposits at banks. The FDIC can provide up to $250,000 in insurance for deposits per bank. SSA, Social Security Administration, was created in 1935 and provides social security benefits like retirement and disability benefits. TVA, Tennessee Valley Authority, was created to provide electricity, flood control, and economic development to the region known as the Tennessee Valley. Parts of Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina, and Virginia make up the Tennessee Valley. SEC, the Securities and Exchange Commission, was established in June 6, 1934. The purpose of SEC

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