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