Multiple Choice
Which of the following is true?
A) The FDIC sets the reserve requirements for commercial banks.
B) The Federal Reserve System guarantees the deposits in almost all banks up to a limit of $1,000,000 per account.
C) If a bank should fail, the FDIC guarantees that depositors can get their funds up to a limit of $250,000 per account.
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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