Tom draws a check, on his account in state bank in new york, payable to digital media, inc., in san francisco. digital deposits

Question

denis-greek [22]

3 years ago

14

Tom draws a check, on his account in state bank in new york, payable to digital media, inc., in san francisco. digital deposits

the check in its account at first national bank. refer to fact pattern 14-2. digital's bank is

Business

1 answer:

VARVARA [1.3K] · Answer 1 · 2022-05-01T06:22:26+03:00

VARVARA [1.3K]3 years ago

5 0

Answer: The digital bank is depository bank.

Explanation:

A depository bank or depositary bank is a specialist financial entity which, inventories and helps with the act of trading securities depending on jurisdiction, facilitates investment in securities markets.