Choose the Word or Phrase in [ ] Which Will

question 114

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Interest earned on your [credit union account | Treasury bill holdings] would be free of state income taxes.

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Definitions:

Zero Balance Accounts

Bank accounts that are maintained at a zero balance by automatically transferring funds from a master account in an exact amount only when checks are presented.

Payroll Account

A bank account specifically used by businesses to process salary payments to their employees.

Safety Stock

Additional inventory kept to prevent stockouts due to variability in demand or supply lead time.

Banking Relationship

Refers to the business interactions and communications between a bank and its customers, including the services and products offered.