When a Check Is Drawn and Cleared, the

question 246

Multiple Choice

When a check is drawn and cleared, the

• A) reserves and deposits of both the bank against which the check is cleared and the bank receiving the check are unchanged by this transaction.
• B) bank against which the check is cleared loses reserves and deposits equal to the amount of the check.
• C) bank receiving the check loses reserves and deposits equal to the amount of the check.
• D) bank against which the check is cleared acquires reserves and deposits equal to the amount of the check.

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Definitions:

Allow Zero Length

A database setting that permits fields to have a zero character length, meaning they can be left empty without containing data.

CustEmail

Typically refers to a customer's email address used for communication purposes in business contexts.

Property

A characteristic or attribute that can be associated with a data item, object, or element, often defining aspects of how it behaves or appears.

Display Control

A mechanism or software feature that manages the output displayed on a screen, including aspects like brightness, contrast, and orientation.