As a Result of "Check 21-The Check Clearing for the 21st

question 35

Multiple Choice

As a result of "Check 21-The Check Clearing for the 21st Century Act":

• A) banks no longer have to ship paper checks to complete the process of check clearing.
• B) people can write checks and plan on having a couple of days to make a deposit to cover the check amount.
• C) canceled checks can no longer be used as proof of payment.
• D) the Federal Reserve is no longer involved in the check-clearing process.

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Definitions:

Comedo

A clogged hair follicle in the skin, often seen in conditions like acne; can be open (blackhead) or closed (whitehead).

Epidermis

The outermost layer of the skin, serving as the primary barrier against the environment.

Dermis

The thick layer of living tissue below the epidermis that forms the true skin, containing sweat glands, hair follicles, and other structures.

Dermatologist

A medical doctor specializing in the diagnosis and treatment of skin disorders.