How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin

Question

Sav [38]

2 years ago

14

How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin

g trust account?

Business

1 answer:

Luda [366] · Answer 1 · 2023-07-31T15:23:31+03:00

The answer is At least quarterly.

financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.

What is a Financial institutions?

A financial institution (FI) could be a company locked in within the business of managing with monetary and financial transactions such as stores, advances, ventures, and cash exchange.
Financial institutions envelop a wide run of commerce operations inside the money related administrations segment counting banks, believe companies, protections companies, brokerage firms, and speculation dealers.
Financial teach can shift by measure, scope, and geography.
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

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