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:

Maximum Level of Sales

The highest amount of sales a company can achieve with its current resources and capacity before needing to expand.

Debt-Equity Ratio

A metric used to evaluate the proportional use of equity and debt in the financing of company assets.

Current Level of Inventory

Represents the quantity of goods or materials on hand at a given time within a business.

Financial Plan

An in-depth analysis of a person's present and potential financial condition, utilizing existing data to forecast future earnings, the value of assets, and strategies for withdrawals.