When a Bank Certifies a Check, the Bank Is Agreeing

question 15

True/False

When a bank certifies a check, the bank is agreeing in advance to accept the check when it is presented for payment and to make payment with funds reserved for the purpose.

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Definitions:

Increasingly Strategic

Pertaining to the growing importance and deliberate planning and execution of actions to achieve long-term objectives or competitive advantage.

IS Department

The Information Systems Department is responsible for overseeing the technology infrastructure and systems within an organization to support its operations and objectives.

Technical Specifications

Detailed description of the technical requirements, features, and performance of a product, system, or service.

Information Requirements

The details and criteria of information needed by users to complete tasks or make decisions effectively.