A Cash Item in the Process of Collection Is

question 25

Multiple Choice

A cash item in the process of collection is

• A)a U.S. Treasury bill that has matured, but for which the bank has not yet received payment.
• B)a car loan payment that is due but not yet received by the bank.
• C)a check drawn against another bank, from whom the funds have not yet been collected.
• D)currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.

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Definitions:

Earmarks

Provisions within legislation that allocate specific funds to certain projects, often without a competitive bidding process.

Federal Government Legislation

Laws and regulations created and enacted by the national government of a country.

Authorized

Officially given permission or power to do something.

Monetary Stimulus

Economic policy measures undertaken by central banks to increase the money supply and lower interest rates, aimed at boosting economic activity.