The Deadline for a Bank to Dishonor an Item Received

question 10

Multiple Choice

The deadline for a bank to dishonor an item received on a particular day is:

• A) midnight of the next banking day,except for "on us" items,for which the deadline is midnight of the same banking day
• B) midnight of the next banking day,except for "on us" items,for which the deadline is midnight of the second banking day
• C) midnight of the next banking day,except for "on us" items,for which the deadline is the open of business on the second banking day
• D) midnight of the next banking day,except for "on them" items,for which the deadline is midnight of the second banking day

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Definitions:

Inventory Analysis

The examination and evaluation of stock or inventory to ensure optimal stock levels, turnover rates, and minimized waste.

Linear Programming

A mathematical method for determining a way to achieve the best outcome, such as maximum profit or lowest cost, in a given mathematical model for some list of requirements represented as linear relationships.

Open System

An entity or process that interacts with its environment by exchanging information, material, or energy.

Outputs

The ultimate outputs, whether products, services or outcomes, produced by a system, process, or organization.