Insured banks:

1. Are considered only those that have a national charter
2. Are considered all banks that insure deposits over $250,000 per person per account
3. Are considered all banks that maintain deposits backed by federal deposit insurance corporation
4. 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 21^st 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:

1. Interest expense on deposits and borrowings
2. Provision for loan and lease losses
3. Dividends paid to shareholders
4. Non-interest expenses