When Processing a Check, Platinum Bank Encodes Information, Such as the Amount

question 65

Multiple Choice

When processing a check, Platinum Bank encodes information, such as the amount of the check, on the item. Platinum thereby warrants to any subsequent bank or payor

• A)the item has been returned to the drawer.
• B)nothing.
• C)the check has been processed manually.
• D)the encoded information is correct.

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Definitions:

Social Norms

Unwritten rules that govern the expectations of social behavior in a group or society.

Superstition

A belief or practice resulting from ignorance, fear of the unknown, trust in magic or chance, or a false conception of causation.

Social Norms

Shared, unspoken rules that govern behavior in society or among members of a particular group, influencing actions and attitudes.

Thomas Szasz

A psychiatrist known for his criticisms of psychiatry and the concept of mental illness.