Question

value: 1

participation in the fdic is mandatory and required for all u.s. banks.

true
false

Explanation:

Analyze FDIC membership requirements

FDIC insurance is mandatory for all nationally chartered banks (members of the Federal Reserve System). However, state-chartered banks that choose not to join the Federal Reserve System are not required by federal law to be FDIC-insured, although almost all do so to remain competitive and meet state-level regulations. Therefore, participation is not universally mandatory for every single U.S. bank.

Answer:

• True
• False (Correct answer)