All ________ must become members of the Federal Reserve System and ________ may choose to join.

Question

Quizplus · Accepted Answer

A)All national banks (those chartered by the U.S. Department of the Treasury)must join the Federal Reserve System. State banks (chartered by individual state banking regulators)may choose to join the Federal Reserve System.
B)All national banks (those chartered by the U.S. Department of the Treasury)must join the Federal Reserve System. State banks (chartered by individual state banking regulators)may choose to join the Federal Reserve System.
C)All national banks (those chartered by the U.S. Department of the Treasury)must join the Federal Reserve System. State banks (chartered by individual state banking regulators)may choose to join the Federal Reserve System.
D)All national banks (those chartered by the U.S. Department of the Treasury)must join the Federal Reserve System. State banks (chartered by individual state banking regulators)may choose to join the Federal Reserve System.
E)All national banks (those chartered by the U.S. Department of the Treasury)must join the Federal Reserve System. State banks (chartered by individual state banking regulators)may choose to join the Federal Reserve System.

All ________ Must Become Members of the Federal Reserve System