Multiple Choice
The Competitive Equality Banking Act:
A) includes a requirement that collecting banks give provisional credit to its subagents.
B) allowed intermediary banks to become clearinghouses.
C) has expedited the availability of funds.
D) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: The Check Clearing for the 21st Century
Q13: A critical issue in banking law is
Q14: An oral stop payment order is binding
Q25: A provisional credit occurs at the time
Q30: Congress enacted the Truth in Savings Act
Q35: The Electronic Funds Transfer Act governs electronic
Q57: Which of the following is correct with
Q59: For how long is a written stop
Q61: An objective of the Check 21 Act
Q62: When a payor bank gets an item