A Check Is Finally Paid When ________

question 2

Multiple Choice

A check is finally paid when ________.

• A) the depository bank credits the customer's account with an option to reverse the credit in case of dishonoring of the check
• B) the payer bank fails to dishonor the check within certain statutory time periods
• C) the drawer settles for the check while holding a right to revoke the settlement
• D) the final bank in the collection process tentatively credits the account of the prior transferor

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Definitions:

Older Adults

Individuals who are in the later stages of life, often defined as those aged 65 and above, experiencing various physiological, cognitive, and social changes.

Social Support

The assistance and comfort received from friends, family, and the wider community, which can have positive effects on health and well-being.

Older Adults

Refers to individuals in the later stage of life, typically considered to be those aged 65 and above.

Self-Concept

The set of attributes, abilities, and characteristics that a person describes themselves with.