With the creation of the Federal Deposit Insurance Corporation
A) member banks of the Federal Reserve System were given the option to purchase FDIC insurance for their depositors,while non-member commercial banks were required to buy deposit insurance.
B) member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors,while non-member commercial banks could choose to buy deposit insurance.
C) both member and non-member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors.
D) both member and non-member banks of the Federal Reserve System could choose,but were not required,to purchase FDIC insurance for their depositors.
Correct Answer:
Verified
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