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    Fundamental Accounting Principles Study Set 1
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    Exam 11: Current Liabilities and Payroll Accounting
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    A Bank That Is Authorized to Accept Deposits of Amounts
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A Bank That Is Authorized to Accept Deposits of Amounts

Question 117

Question 117

Multiple Choice

A bank that is authorized to accept deposits of amounts payable to the federal government is a:


A) Federal Reserve Bank.
B) Federal depository bank.
C) National bank.
D) FDIC insured bank.
E) Credit union.

Correct Answer:

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