Multiple Choice
Funds transfers made by businesses are governed by __________ regulations.
A) UCC
B) Federal Reserve
C) UCC and Federal Reserve
D) neither UCC nor Federal Reserve
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: All of the following are correct concerning
Q9: If a bank pays a check whose
Q10: The Electronic Fund Transfers Act (EFTA) covers
Q11: The fact that a stop payment on
Q12: Morris issued a check to Al in
Q14: A consumer who notifies the issuer of
Q15: In a complex funds transfer, an intermediary
Q16: A written stop payment order is binding
Q17: An oral stop payment order is binding
Q18: A bank always is liable to the