Question

Banks subject to reserve requirements set by the Federal Reserve System include:

a. only banks with assets less than $500 million.
b. all banks whether or not they are members of the Federal Reserve System.
c. only nationally chartered banks.
d. only banks with assets less than $100 million.

Answer 1

b. all banks whether or not they are members of the Federal Reserve System.

Step-by-step explanation:

Banks subject to reserve requirements set by the Federal Reserve System includes all banks from commercial banks to savings banks, to savings and loans banks, credit agencies and also all foreign banks with branches in the United States.