Which of the following is true concerning bank holding company (BHCS)? BHCS: 1. Are typically formed to provide scale and scope advantages 11. Are regulated by the Federation for Bank Compliance (FDC) III. Must hold at least one bank, but may hold more than one Select one: O a. Tonly Ob. and ll only Ocland Ill only O d., and I Which of the following is characteristic of fractional-reserve banking? 1. Only a portion of outstanding loans are covered with funds on deposit 11. Depositors generally have restricted access to money in their checking accounts 11. Long-term loans are made exclusively using certificates of deposit (CDs) Select one O A only OB. I and II only OC and Ill only O D. 1, and