Which of the following statements is true concerning state-chartered banks and the Federal Reserve System? Select one: a. State-chartered banks cannot become members of the Federal Reserve System b. State-chartered banks are not required to become members of the Federal Reserve System c. Most state-chartered banks choose to become members of the Federal Reserve System d. State-chartered banks cannot be regulated by the Federal Reserve System Which of the following is true concerning bank holding company (BHCs)? BHCs: I. Are typically formed to provide scale and scope advantages II. Are regulated by the Federation for Bank Compliance (FBC) III. Must hold at least one bank, but may hold more than one Select one: a. I only b. I and II only c. I and III only d. I, II, and