The Deadline for a Bank to Dishonor an Item Received

question 111

Multiple Choice

The deadline for a bank to dishonor an item received on a particular day is:

• A) midnight of the next banking day, except for "on us" items, for which the deadline is midnight of the same banking day.
• B) midnight of the next banking day, except for "on us" items, for which the deadline is midnight of the second banking day.
• C) midnight of the next banking day, except for "on us" items, for which the deadline is the open of business on the second banking day.
• D) midnight of the next banking day, except for "on them" items, for which the deadline is midnight of the second banking day.
• E) midnight of the third banking day, except for "on them" items, for which the deadline is midnight of the fourth banking day.

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Definitions:

Responses

Reactions or answers provided following specific stimuli or situations.

Observational Learning

The process of learning behaviors by watching and imitating others, also known as modeling.

Responding

The act of reacting to a stimulus or situation, often measured in psychological experiments.

Vicarious Conditioning

Learning that occurs through observing the reactions of others to an environment or stimulus rather than through direct experience.