Instead of Depositing an "On Them" Check for Collection, a Depositor

question 13

Multiple Choice

Instead of depositing an "on them" check for collection, a depositor can physically submit the check for payment at the payer bank. This is called ________.

• A) provisional credit
• B) indorsement of the check
• C) presentment across the counter
• D) final settlement

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Definitions:

Financial Crisis

An economic condition marked by the sudden and severe downturn in financial markets, assets, or institutions, often resulting in widespread economic hardship.

Supporting Evidence

Material or information provided to substantiate claims, arguments, or hypotheses, strengthening the case being made.

Informative Message

A singular notice or bulletin released to provide specific details or facts to recipients in a clear and detailed manner.

Credit Limit

The maximum amount of credit that a financial institution extends to a client.