Multiple Choice
Falls River Bank receives a check drawn on the account of Get-Rich Industries,Inc.,one of the bank's customers,at 3 p.m. Friday. Hildy,the pre-senter of the check,is not one of the bank's customers. The bank uses deferred posting with a 2 p.m. cutoff hour. If it decides to dis-honor the check,it must do so by midnight
A) Saturday.
B) Sunday.
C) Monday.
D) Tuesday.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Ervin signs a check "pay to the
Q15: Simon signs a check "pay to the
Q16: Smith & Jones Associates is a business
Q18: When a bank draws a check on
Q20: The Check Clearing in the 21st Century
Q23: The first bank to receive a check
Q23: Travis signs a check "pay to the
Q31: Commercial banking practices consider a check that
Q47: Riley pays State Bank $500 plus a
Q59: When a bank pays a check on