Multiple Choice
The Check Clearing for the 21st Century Act:
A) creates a new negotiable instrument.
B) requires banks to accept checks in electronic form.
C) requires banks to create image replacement documents for any checks received.
D) allows customers to withdraw more cash from their accounts.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Which of the following is not true?<br>A)
Q56: Identify the parties to checks and notes.
Q57: A draft involves only two parties: a
Q58: Under Revised Article 3,a check which meets
Q59: Time paper is payable at a definite
Q61: To be negotiable,the instrument must satisfy all
Q62: A cashier's check is drawn by a
Q63: A promissory note is an instrument that
Q64: Postdating an instrument will destroy its negotiability.
Q65: Under Revised Article 3,a promise to pay