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AllenZ AllenZ
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Posts: 663
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7 years ago
What does it mean to say that all commercial banks are chartered?
A) All of their accounts are considered within the money supply by M1's definition.
B) Their deposits are not insured by the FDIC.
C) They have received government permission to operate.
D) They belong to a group of other local banks that pool funds.
E) They are not Fed members.
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eyemak83eyemak83
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7 years ago
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AllenZ Author
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7 years ago
Smart ... Thanks!
logbi
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Yesterday
Correct Slight Smile TY
gage
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2 hours ago
You make an excellent tutor!
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