SIE Knowledge of Capital Markets Question 20: Answer and Explanation

Question: 20

In what year was the Federal Deposit Insurance Company (FDIC) established by Congress?

• A. 1789
• B. 1865
• C. 1913
• D. 1933

Correct Answer: D

Explanation:

D: Choice D is correct. The FDIC was established in 1933 to insure depositors' funds and encourage prudent management of bank. Choices A, B, and C are incorrect.