Which of the Following Describes a Situation in Which a Collecting

question 69

Multiple Choice

Which of the following describes a situation in which a collecting bank gives credit to a check in the collection process prior to its final settlement?

• A)presentment across a counter
• B)indorsement of a check
• C)certification of a check
• D)provisional credit

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Definitions:

Payoffs

Financial transactions or bribes intended to influence behavior or decisions, often used in illicit or unethical contexts.

Government Crime

Illegal or unethical actions committed by government officials or agencies, often involving the abuse of power or violation of public trust.

Official Corruption

The abuse of entrusted power by government officials for private gain.

Abuse

The deliberate mistreatment of individuals, causing harm or distress, which can be physical, emotional, sexual, or verbal.