Federal Reserve Board Guidelines for Checks

question 22

Multiple Choice

Federal Reserve Board guidelines for checks:

• A) require indorsements to be in blue or black ink.
• B) must be followed or the check will not go through the banking system.
• C) require bank indorsements to be made within 2 inches of the left edge of the back of the check.
• D) require indorsements to be in cursive handwriting.

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Definitions:

Quantitative Data

Information that can be measured and written down with numbers, often used in statistical analysis to quantify behaviors, attitudes, and other defined variables.

Measures of Dispersion

Mathematical computations that represent the diversity or range within a collection of numerical values.

Range

The difference between the maximum value and minimum value in a data set.

Central Tendency

Statistics referring to the middle or typical value within a dataset, represented by measures such as mean, median, and mode.