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Which of the Following Statements Is LEAST-Likely True

question 16

Multiple Choice

Which of the following statements is LEAST-Likely true?


Definitions:

Drawer-Depositor

An individual or entity that has the authority to write and deposit checks within a banking relationship.

Overdraft

refers to a situation where an account balance goes below zero because more money has been withdrawn from the account than was available.

Article 4

Typically refers to a specific section within a constitution, treaty, or document that outlines particular rights, responsibilities, or regulations.

Postdated Checks

Checks written with a date in the future, indicating that the check should not be processed until that date.

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