Within How Many Business Days Must a Bank Make Proceeds

question 124

Multiple Choice

Within how many business days must a bank make proceeds of deposited checks available?

• A)3 days for all checks
• B)3 days for local and 7 days for nonlocal checks
• C)2 days for local and 5 days for nonlocal checks
• D)5 days for all checks
• E)7 days for all checks

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Definitions:

Two-way ANOVA

A statistical method used to examine the influence of two different categorical independent variables on one continuous dependent variable.

Degrees of Freedom

The total count of distinct values or elements that may be given to a statistical distribution.

Randomized Block Design

An experimental design that groups subjects into blocks to account for variability among them and then randomly assigns treatments within these blocks.

Randomized Block Design

An experimental setup that groups experimental units into blocks to account for variability among them before testing different treatments.