Multiple Choice
An overdraft occurs when a
A) bank allows a customer to write checks for more than the amount of money on deposit.
B) customer writes a bad check.
C) bank cashes a check that is more than three months old.
D) bank cashes a check dated after the actual date of issue.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Failure to indorse a check is considered
Q2: A(n) _ is a type of cashier's
Q3: A written stop-payment order is effective for<br>A)
Q4: Marsh, without fraudulent intent, wrote a check
Q6: A(n) _ check is one that is
Q7: New World Bank paid a check issued
Q8: A depositor's personal check that the bank
Q9: The _ enables depositors to transfer money
Q10: An oral stop-payment order is effective for
Q11: A check drawn on the bank's own