Solved

With the Creation of the Federal Deposit Insurance Corporation,member Banks

Question 37

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: The decline in traditional banking internationally can

Q33: The legislation that effectively prohibited banks from

Q34: Allowing bank branching across state lines gives

Q35: Probably the most significant factor explaining the

Q36: The legislation overturning the Glass-Steagall Act is<br>A)the

Q38: Prior to 2008,bank managers looked on reserve

Q39: Bank consolidation will likely result in<br>A)less competition.<br>B)the

Q40: Adjustable rate mortgages<br>A)protect households against higher mortgage

Q41: The most important developments that reduced banks

Q42: The large number of banks in the