Examlex
Which of the following accounts records the change in U.S. official reserves?
Suretyship Provision
A contractual agreement in which a party assumes responsibility for the debt obligation of a borrower if that borrower defaults.
Statute of Frauds
A legal principle requiring certain types of contracts to be written and signed to be enforceable.
Collateral Promise
A secondary promise made by a third party to assume responsibility for a debt obligation if the principal obligor fails to perform or pay.
Electronic Record
Information stored in a digital format that can be retrieved electronically.
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