Multiple Choice
Finance Bank receives a check drawn on the account of Enterprise Industries, Inc., one of the bank's customers, at 3 P.M. Friday. Dora, the presenter of the check, is not one of the bank's customers. The bank uses deferred posting with a 2 P.M. cutoff hour. If it decides to dishonor the check, it must do so by midnight
A) Saturday.
B) Sunday.
C) Monday.
D) Tuesday.
Correct Answer:
Verified
Correct Answer:
Verified
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