Which of the Following Statements Regarding Member Banks Is True

question 83

Multiple Choice

Which of the following statements regarding member banks is true?

• A)A majority of banks are part of the Federal Reserve System as well as a majority of bank deposits.
• B)A minority of banks are part of the Federal Reserve System, but they have a majority of deposits.
• C)A majority of banks are part of the Federal Reserve System, but they have a minority of deposits.
• D)A minority of banks are part of the Federal Reserve System as well as a minority of deposits

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