a.) National banks:

Question Options:

1. are chartered by the Comptroller of the Currency

2. must belong to the Federal Reserve System

3. must carry insurance on their deposits from the Federal Deposit Insurance Corporation

4. are more closely regulated than state chartered banks

5. are accurately described by all of the above

b.) Margin requirements tell the minimum amount of cash an investor must put up when borrowing from a bank or brokerage firm to purchase stock.

Question Options: (TRUE / FALSE)

c.) Credit unions are state-chartered banks that operate much like savings and loan associations.

Question Options: (TRUE / FALSE)