Which of the following illustrates a difference between the Federal Reserve and the Federal Deposit Insurance Corporation?
A) The Fed supervises most of the largest banks; whereas the Federal Deposit Insurance Corporation has mostly very small banks under its supervision.
B) The Fed supervises state banks that do are not the members of the Federal Reserve System; whereas the Federal Deposit Insurance Corporation supervises all financial holding companies.
C) The Fed supervises national banks that are not in Financial Holding Companies or bank holding companies; whereas the Federal Deposit Insurance Corporation supervises bank holding companies.
D) The Fed supervises credit unions; whereas the Federal Deposit Insurance Corporation supervises thrift institutions.
Correct Answer:
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