Multiple Choice
The Competitive Equality Banking Act:
A) allowed intermediary banks to become clearinghouses.
B) includes a requirement that collecting banks give provisional credit to its subagents.
C) has expedited the availability of funds.
D) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: Article 4 of the UCC, entitled "Bank
Q8: A system for electronic funds transfers (EFT)
Q13: A critical issue in banking law is
Q19: Sylvia draws a check on ABC Bank
Q24: A written stop payment order is effective
Q32: For how long is a written stop
Q46: If a drawer files a stop payment
Q54: Point of sale systems permit customers to
Q59: Adjudication of drawer's incompetence will not affect
Q68: Under the Competitive Equality Banking Act,a nonlocal