5. explain why each of the following
goals is difficult to achieve in a cen-
trally planned economy: (a) economic
freedom, (b) economic growth.

The banking act of 1933, also known as the glass-steagall act, established the federal deposit insurance corporation (fdic), which a protected banks from failure by ensuring that the government would bail them out if necessary. b required american taxpayers to establish an account with a commercial bank. c protected depositors from financial losses when banks failed.