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1. What is the basic obligation of a depository bank to its depositor? 2. Enumerate and explain the different kinds of deposit. 3. ABC Bank

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1. What is the basic obligation of a depository bank to its depositor? 2. Enumerate and explain the different kinds of deposit. 3. ABC Bank was forced to close because its building was destroyed by fire. Mr. A, one of its depositors filed an insurance claim with the Philippine Deposit Insurance Corporation. Will the claim prosper? Answer with reasons

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