When a Bank Certifies a Check,it Agrees in Advance (1)to

question 84

True/False

When a bank certifies a check,it agrees in advance (1)to accept the check when it is presented for payment and (2)to pay the check out of funds set aside from the customer's account and either placed in a special certified check account or held in the customer's account.

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Definitions:

Leopold II

The king of Belgium from 1865 to 1909, best known for his exploitation of the Congo Free State as a private venture.

Herero

An ethnic group in Namibia, notable for their resistance against German colonial rule and suffering a genocide early in the 20th century.

Southwest Africa

Now known as Namibia, formerly a German colony and later a mandate under South African administration until its independence in 1990.