A small town has a local bank that has been in business for over 50 years. Is this bank required to join the Federal Reserve System?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0ANo, only national banks are required to join.%0D%0A%0D%0ANo, only national banks are required to join.%0D%0A%0D%0AYes, if has accounts with more than $250,000 in them.%0D%0A%0D%0AYes, if has accounts with more than $250,000 in them.%0D%0A%0D%0AYes, banks that are not part of the Fed cannot accept deposits.%0D%0A%0D%0AYes, banks that are not part of the Fed cannot accept deposits.%0D%0A%0D%0ANo, it has been in business so long that joining the fed is not required.
