All ____ Are Required to Be Members of the Federal

question 59

Multiple Choice

All ____ are required to be members of the Federal Reserve System.

• A)state banks
• B)national banks
• C)savings and loan associations
• D)finance companies
• E)state banks AND national banks

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Definitions:

Necessity

A term that can refer to a state of being required or indispensable, or, in legal terms, a defense that asserts an act was done out of a need to prevent a greater harm.

Grant Deeds

A legal document used to transfer ownership of real property from the seller (grantor) to the buyer (grantee).

Bargain and Sell

A term used in real estate and contract law to refer to a type of conveyance or transfer of property ownership, often without the formalities of a traditional sale.

Convey

To transfer or deliver title, interest, or property from one person to another through a deed or other document.