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

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