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Which of the following statement is/are correct regarding the Vostro account?1). It is an account held by a correspondent bank on behalf of another bank.2). The account is a record of money owed to or maintained by a third party.3). A Vostro account is like any other account held by a bank.4). All of the above |
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Answer» "Vostro account" is the TERM used by Bank B, where bank A's money is on deposit.
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