Solved

Finance Bank Receives a Check Drawn on the Account of Enterprise

Question 3

Multiple Choice

Finance Bank receives a check drawn on the account of Enterprise Industries, Inc., one of the bank's customers, at 3 p.m. Friday. Dora, the presenter 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 dishonor the check, it must do so by midnight​


A) ​Saturday.
B) ​Sunday.
C) ​Monday.
D) ​Tuesday.

Correct Answer:

verifed

Verified

Related Questions