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Check Kiting Is Defined as

Question 24

Multiple Choice

Check kiting is defined as


A) indorsing a check while knowing that the check is a stolen check.
B) carelessly paying an unauthorized instrument.
C) a scheme of overdrawing account "A" by depositing a check in account "B," then overdrawing account "B" to cover the insufficient funds in account "A."
D) issuing an instrument to an impostor who negotiates the instrument to a bank that is unaware of the fraud.

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