When a Bank Wrongfully Dishonors a Check, It Is Liable

question 63

True/False

When a bank wrongfully dishonors a check, it is liable to the customer for any resulting damages.

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Definitions:

Statistical Arbitrage

A quantitative approach to trading that uses statistical models to identify price inefficiencies among securities for profit.

S&P 500 Future

A financial contract based on the future value of the S&P 500 stock market index.

Statistical Arbitrage

A quantitative approach to equity trading involving complex statistical models to identify price inefficiencies between pairs of securities.

Directional Strategy

An investment approach that involves taking long or short positions based on predictions of market or security movement direction.