The Absolute Time Limit for Notifying a Bank of a Forged

question 27

Multiple Choice

The absolute time limit for notifying a bank of a forged or altered check is ________ from the time the depositor receives the bank statement.

• A)fourteen days
• B)thirty days
• C)one year
• D)three years

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Definitions:

Beta

A measure of a security's volatility in relation to the overall market; a beta greater than 1 indicates greater volatility than the market.

Bogey Portfolio

A benchmark portfolio against which the performance of an investment portfolio is measured, often used to assess the skill of portfolio managers.

Excess Return

Excess Return is the return on an investment above the return of a benchmark index or risk-free rate of return.

Asset Classes

Broad categories of investments with similar characteristics and market behaviors, such as equities (stocks), fixed income (bonds), and real estate.