11. Banks subject to reserve requirements set by the Federal Reserve System include A) only state-chartered banks. B) only nationally chartered banks. C) only banks with less than $100 million in assets. D) only banks with less than $500 million in assets. E) all banks whether or not they are members of the Federal Reserve System

E) all banks whether or not they are members of the Federal Reserve System

Explanation:

The Federal Reserve System requires that all banks regardless of their membership or lack thereof of the FED adhere to the reserve requirements it has established.

The Reserve Requirements are very essentially to the economy as they help control liquidity as well as protect both banks and it's customers from Bank Runs (customers withdrawing their money in massive numbers because they fear for the future of the bank).

Recently though, the FED has reduced this requirement to ZERO to enable banks borrow out more funds amidst Coronavirus concerns.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.