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26 February, 03:43

The GASB requires certain note disclosures regarding cash deposits. Under what circumstances are a government's deposits with financial institutions considered to be exposed to custodial credit risk

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  1. 26 February, 03:45
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    When more than 85% of the deposits are with a single institution

    Explanation:

    When more than 85% of the deposits are with a single institution, the government's deposits with the financial institutions considered to be exposed to custodial credit risk.
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