Which of the Following Statements Is Most Correct

question 165

Multiple Choice

Which of the following statements is most correct?

• A) FDIC membership is required for all banks having national charter.
• B) The First Bank of the United States was the first incorporated bank created along modern banking lines.
• C) Secured loans represent the single most important activity of the commercial bank.
• D) The FED supervises the FDIC.

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Definitions:

Future Planning

The process of setting goals and objectives and determining the resources and actions required to achieve them in the future.