Asked by
Ishaan Krishnan
on Oct 15, 2024
Verified
Deposits of amounts payable to the federal government may be paid through federal depository banks.
Federal Depository Banks
Banks that are authorized to hold deposits for the Federal Reserve System, facilitating the federal government's cash management and payments.
- Acquire knowledge on the association between liabilities and business processes, including the clearance of financial commitments.
Verified Answer
SR
Learning Objectives
- Acquire knowledge on the association between liabilities and business processes, including the clearance of financial commitments.