Final answer:
The standard bank confirmation form is used to confirm the accuracy of financial information provided by a bank to an external party. The National Banking Act is unrelated to the form's approval.
Step-by-step explanation:
The standard bank confirmation form has been agreed upon by authorized representatives, as parties have caused this agreement to be executed. The purpose of the standard bank confirmation form is to confirm the accuracy of the financial information provided by a bank to an external party, such as an auditor or a creditor.
The National Banking Act, approved by the Union Congress, is not directly related to the standard bank confirmation form. It was a law passed in 1863 to establish a national banking system and create a uniform national currency.
It's important to note that the cited information does not explicitly mention the approval of the standard bank confirmation form by any specific organization or authority.