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  3. Study Set
    Business Law and the Regulation of Business Study Set 3
  4. Exam
    Exam 27: Bank Deposits, Collections, and Funds Transfers
  5. Question
    The Competitive Equality Banking Act
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The Competitive Equality Banking Act

Question 3

Question 3

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:

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