When Opening a Bank Checking Account a Signature Card

question 181

Multiple Choice

When opening a bank checking account a signature card

• A) indicates to whom money is to be paid.
• B) indicates each person authorized to sign checks on the account.
• C) is attached to all pre-printed checks.
• D) is required only when dealing with an out-of-state bank.

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Definitions:

Search Time

The duration it takes to locate a specific item or piece of information among a collection of others.

Short-Term Memory

The component of the memory system that is involved in the temporary storage of information, typically holding information for seconds to minutes before it is either forgotten or transferred to long-term memory.

Serial Process

A method of processing information where tasks are performed one after another in a sequence.

Brown-Peterson Task

A cognitive task used to study short-term memory by distracting participants with a task immediately after they are given information to remember, therefore testing their ability to maintain it in memory.