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Governments Must Classify Bank Balance in One of Three Categories

Question 25

Multiple Choice

Governments must classify bank balance in one of three categories.Which of the following is NOT one of those categories?


A) Insured or collateralized with the security held by the entity or its agents in the entity's name.
B) Collateralized with security held by the pledging financial institution's trust department.
C) Insured, registered in the name of the government or held by the government or its agent in the government's name.
D) Uncollateralized.

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