Under the Check 21 Act

question 2

Multiple Choice

Under the Check 21 Act:

• A) banks must accept checks in electronic form.
• B) banks are permitted to truncate original checks and process check information electronically.
• C) banks must create substitute checks which are the legal equivalent of the original checks.
• D) banks must keep the paper checks on file for 90 days.

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Definitions:

Localized Neural Circuit

Describes a specific network of neurons within the brain or nervous system that performs a distinct function or processes certain types of information.

Information Processing

A theory that describes the way humans perceive, analyze, manipulate, store, and recall information.

Implicit Memory

A type of long-term memory that influences thoughts and behaviors without conscious awareness, such as skills, habits, and conditioned responses.

Declarative Memory

A type of long-term memory that allows individuals to recall facts and events explicitly.