Check 21 Permits Banks to Remove an Original Paper Check

question 45

True/False

Check 21 permits banks to remove an original paper check from the check collection process and send instead a substitute check.

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Definitions:

Colonial Governments

The administrative bodies established by colonial powers to rule over their overseas colonies, often imposed without the consent of the native populations.

New England

A region in the northeastern corner of the USA, consisting of six states: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, known for its distinct historical roots.

Chesapeake Colonies

English settlements in the Chesapeake Bay region, namely Virginia and Maryland, established in the 17th century, known for their tobacco-based plantation economy.

Religion Influence

The impact of religious beliefs, practices, and institutions on individuals, societies, and cultures, shaping morals, laws, and traditions.