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
Answer:C
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