Consider a Sawmill That Processes Logs into Timber

question 89

Multiple Choice

Consider a sawmill that processes logs into timber.The drying kilns at the sawmill are an example of:

• A)timber flows
• B)a flow of services from capital
• C)a stock of capital
• D)automation

---

Definitions:

Depositary Bank

A financial institution that holds and manages the securities of a depositor, facilitating the exchange of securities and related transactions.

Payor Bank

A bank that is responsible for paying a check or draft on behalf of its client.

UCC

Short for Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Cashier's Check

A cashier's check, which is underwritten and signed by the bank itself, utilizing its own finances.