Multiple Choice
Which of the following is false?
A) State-chartered banks can, if they choose, belong to the Fed and/or subscribe to FDIC insurance.
B) Nearly all banks subscribe to FDIC insurance.
C) Although only about 30 percent have federal charters and belong to the Fed, these banks tend to be the smallest and have the most deposits and banking offices.
D) The McFadden Act outlawed interstate branching by national banks.
Correct Answer:
Verified
Correct Answer:
Verified
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