Which of the following statements is false? A. Today, most financial assets are held by non-bank entities B. Economic recovery is usually quick following widespread bank failures and/or a financial crisis OC. Today, banks pay a risk-based deposit insurance fee; i.e., riskier banks must pay a higher insurance fee to the FDIC D. Banks constitute a vital utility in the economy, as the economy cannot properly function without access to credit E. The primary reason for the existence of banks is their ability to both screen and monitor loan applicants