Which of the Following Resemble Checks, but Differ in That

question 100

Multiple Choice

Which of the following resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank?

• A) Drafts
• B) Concentration banking
• C) Wire transfers
• D) Zero-balance account

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Definitions:

Federal Prison System

This system comprises all the penitentiaries, correctional institutions, and detention facilities operated by the federal government for incarcerating individuals convicted of federal crimes.

Correctional Facilities

Prisons or jails that house individuals who have been convicted of crimes.

Overcrowding

A situation where too many people or items are contained within a space designed for significantly fewer, often leading to discomfort and hazards.

Recidivism

The tendency of a convicted criminal to reoffend.