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Tytuł:
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Federal Deposit Insurance Corporation (FDIC).
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Autorzy:
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Trescott, Paul B.
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Temat:
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Federal Deposit Insurance Corp.
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Źródło:
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Salem Press Encyclopedia, 2023. 3p.
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Although federal deposit insurance did not formally begin until 1933, there had been numerous earlier attempts to achieve the same results. Since early in the nineteenth century, banknotes and bank deposits were an important part of the nation’s supply of money. These bank liabilities cost very little to create and could be used to acquire valuable assets, so there was a chronic tendency for banks to create more notes and deposits than they could redeem in cash.
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