A Bank That Is Authorized to Accept Deposits of Amounts

question 62

Multiple Choice

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

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

---

Definitions:

Invoice Price

The price of a product or service indicated on the invoice, representing the amount the buyer should pay.