Under the authority of the Federal Reserve Act of 1913
A) all national and state-chartered banks must become members of the Fed.
B) only national banks were permitted to become members of the Fed.
C) state-chartered banks were permitted to withdraw from membership with the Fed.
D) a system of deposit insurance was created.

Question

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The Answer of Under the authority of the Federal Reserve Act of 1913
A) all national and state-chartered banks must become members of the Fed.
B) only national banks were permitted to become members of the Fed.
C) state-chartered banks were permitted to withdraw from membership with the Fed.
D) a system of deposit insurance was created.

Under the Authority of the Federal Reserve Act of 1913