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Insured banks: Are considered only those that have a national charter Are considered all banks that insure deposits over $250,000 per person per account Are
Insured banks:
- Are considered only those that have a national charter
- Are considered all banks that insure deposits over $250,000 per person per account
- Are considered all banks that maintain deposits backed by federal deposit insurance corporation
- Are considered only those that have are member banks of the Central Bank
11. One of the reasons fee income has risen for banks in the 21st century is:
a. Interstate Banking and Branching Efficiency Act
b. Economy of scale
c. Bank Modernization Act
d. Both (a) and (c)
12. The following are the banks operating expenses except:
- Interest expense on deposits and borrowings
- Provision for loan and lease losses
- Dividends paid to shareholders
- Non-interest expenses
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