With the creation of the Federal Deposit Insurance Corporation,member banks of the Federal Reserve System ________ to purchase FDIC insurance for their depositors,while non-member commercial banks ________ to buy deposit insurance.
A) could choose;were required
B) could choose;were given the option
C) were required;could choose
D) were required;were required
Correct Answer:
Verified
Q1: To eliminate the abuses of the state-chartered
Q2: The Federal Reserve Act of 1913 required
Q4: The government institution that has responsibility for
Q5: The Second Bank of the United States
Q6: Which regulatory body charters national banks?
A)the Federal
Q7: The modern commercial banking system began in
Q8: Before 1863
A)federally-chartered banks had regulatory advantages not
Q9: Prior to 1863,all commercial banks in the
Q10: Probably the most significant factor explaining the
Q11: Although the National Bank Act of 1863
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