A Check Is Referred to as A(n) ________ When the Depositary

question 80

Multiple Choice

A check is referred to as a(n) ________ when the depositary bank is the same bank as the payor bank.

• A) "in-place item"
• B) "combined item"
• C) "continued item"
• D) "on-us item"
• E) "uniform item"

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Definitions:

Sensory Memory

The immediate, very brief recording of sensory information in the memory system.

Fleeting

Something that happens for a very short time; brief or transient.

Encoded

The process by which information is transformed into a format that can be stored and used in memory.

Explicit Memory

Memory of facts and experiences that one can consciously know and “declare.” (Also called declarative memory.)