The Federal Reserve Act required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system

A deed requires all of the following except:

a. granting clause b. acknowledgement c. proper description d. competence by all parties

If a seller needs to net $50,000 after the sale, how much must the real estate sell for if the selling costs include a 7 percent commission and $1,200 in other expenses?

A) $54,700 B) $54,963 C) $55,054 D) $55,633