Which of the Following Describes the "Deferred Posting Rule

question 8

Multiple Choice

Which of the following describes the "deferred posting rule"?

• A)Banks can fix an afternoon hour of 2:00 or later as a cutoff hour for the purpose of processing checks and deposits.
• B)When a customer deposits a check for collection, the depository bank does not have to pay the customer until the check clears.
• C)Banks have to mail their checking account customers monthly statements of their accounts and any canceled checks should accompany this statement.
• D)A customer is liable for payment to his bank if he fails to report any unauthorized transactions within 30 days from the receipt of the account statement.

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Definitions:

Tub Bath

The practice of bathing in a large container filled with water for hygiene, leisure, or therapeutic purposes.

Bath Water Temperature

The measure of how hot or cold the water is in a bathtub, important for comfort and safety, especially for children and the elderly.

Onychocryptosis

The inward growing of the nail into the soft tissue around it.

Laser Excision

Laser excision involves the use of laser technology to remove or cut out tissue, often used in surgical procedures and dermatology.