Stop- Payment Orders

question 80

Multiple Choice

Stop- payment orders:

• A) must be in writing in order to be effective.
• B) may be oral, but are effective for only fourteen days unless confirmed in writing within the fourteen- day period, in which case they will be effective for six months.
• C) are effective as long as the account remains open, if the order is in writing.
• D) are effective for six months, whether oral or in writing.
• E) are ineffective, unless the customer's account with the bank specifically allows such orders.

---

Definitions:

IQ Tests

Standardized tests designed to measure human intelligence and cognitive abilities in relation to an age group.

Genetics

The branch of biology concerned with the study of genes, genetic variation, and heredity in organisms.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, stating that human intelligence comprises analytical, creative, and practical dimensions.

Sternberg

Robert Sternberg, an American psychologist who proposed the triarchic theory of intelligence, which includes analytical, creative, and practical intelligence.