How to maintain a depository account at a bank


Question: Which of the following is not one of the three conditions that allow covered members to maintain a depository account at a bank that is an attest client? The balance in the depository account is fully insured. Any uninsured amounts are not material to the covered member's worth. The bank has been in existence for at least 10 years. If an uninsured account is material, it is reduced to an immaterial amount within 30 days.

 

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Accounting Basics: How to maintain a depository account at a bank
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