When a Bank Presents a Check to the Fed for Clearing

question 3

Multiple Choice

When a bank presents a check to the Fed for clearing, the Fed promises to credit the bank for the amount

• A)as soon as the Fed is able to present the check to the payor bank.
• B)immediately.
• C)within two business days.
• D)within six months.

---

Definitions:

Social Interpretations

The process of making sense of social behaviors, symbols, and institutions through the lens of cultural and societal norms and values.

Full-channel Communication

communication that utilizes all available modes or pathways for conveying information, including verbal, non-verbal, written, and digital.

Asynchronous Environments

Digital platforms where interactions do not require participants to be online at the same time, allowing for delayed responses.

Computer Assisted Telephone Interviewing (CATI)

A surveying technique where interviewers use a computer system to guide both the interview process and data entry, enhancing efficiency and data accuracy.