How Quickly Can a Bank Receive Payment Once It Transmits

question 82

Multiple Choice

How quickly can a bank receive payment once it transmits a copy of a check to the bank on which the check was drawn?

• A)Immediately
• B)In one day
• C)Between one and two days
• D)In two days
• E)Between two and three days

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Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Heritability

The degree to which the variations in a trait from one person to another can be attributed to, or explained by, genetic factors.

Intelligence

refers to the ability to learn, understand, and apply knowledge to manipulate one's environment or to think abstractly as measured by objective criteria (tests).

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, which is crucial in understanding complex scenarios and solving problems.