Daylight Overdrafts Occur When

question 79

Multiple Choice

Daylight overdrafts occur when

• A)FIs in different time zones clear transactions.
• B)FI debits exceed credits during the day.
• C)FI credits exceed debits during the day.
• D)the sum of all debits transmitted over the system exceed the sum of all credits during the day.
• E)the sum of all credits transmitted over the system exceed the sum of all debits during the day.

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Definitions:

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