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Which of the following is true regarding membership in the Federal Reserve System? I. Nationally chartered banks are automatically members of the Federal Reserve II.

Which of the following is true regarding membership in the Federal Reserve System? I. Nationally chartered banks are automatically members of the Federal Reserve II. State-chartered may elect to become members of the Federal Reserve III. Most U.S. banks, regardless of their charter, are members of the Federal Reserve Question 12Answer a. I only b. I and II only c. I and III only d. I, II, and

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