Which of the following statements regarding member banks is TRUE?
A) A majority of banks are part of the Federal Reserve System, and they hold a majority of all bank deposits.
B) A minority of banks are part of the Federal Reserve System, but they hold a majority of all bank deposits.
C) A majority of banks are part of the Federal Reserve System, but they hold a minority of all bank deposits.
D) A minority of banks are part of the Federal Reserve System, and they hold a minority of all bank deposits.
Correct Answer:
Verified
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