39 Multiple Choice 222 points Which of the following best describes the Security and Exchange Commission (SEC)? New Deal program that insures individual bank accounts New Deal program that gave money to state and local governments to feed people New Deal program that helped the elderly.disabled, and unemployed New Deal program that regulates the stock market

## Step 1<br />The question is asking for the best description of the Securities and Exchange Commission (SEC). The SEC is a government agency that regulates the stock market and protects investors.<br /><br />## Step 2<br />The SEC was established in 1934 as part of the New Deal programs initiated by President Franklin D. Roosevelt in response to the Great Depression. The SEC's primary role is to enforce the law against market manipulation.<br /><br />## Step 3<br />The SEC is not a program that insures individual bank accounts, gives money to state and local governments to feed people, or helps the elderly, disabled, and unemployed. These descriptions are more fitting for other New Deal programs such as the Federal Deposit Insurance Corporation (FDIC), the Works Progress Administration (WPA), and the Social Security Administration (SSA), respectively.