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A Principal-Agent Relationship Is Created Between a Customer and a Bank

Question 17

Multiple Choice

A principal-agent relationship is created between a customer and a bank:


A) only if the customer deposits a check that the bank must collect for the customer
B) any time the customer deposits an amount into the customer's checking account
C) only when the customer writes a check against her account
D) if the customer deposits a check that the bank must collect for the customer or if the customer writes a check against her account

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