Which of the following statements is TRUE for the U.S.?
A) Federally chartered banks are required to make contributions to the FDIC to cover the cost of bank deposits insurance.
B) Federally chartered banks are not required to make contributions to the FDIC to cover the cost of bank deposits insurance.
C) The States are not required to make contributions to the FDIC to cover the cost of bank deposits insurance for banks with their main branch in that State.
D) The States are required to make contributions to the FDIC to cover the cost of bank deposits insurance for banks with their main branch in that State.
E) The specific municipality where the main branch of the bank is located is required to make contributions to the FDIC to cover the cost of bank deposits insurance.
Correct Answer:
Verified
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