Barry Presents to Wake Bank for Deposit in His Account

question 10

Multiple Choice

Barry presents to Wake Bank for deposit in his account a check for $100 made out to him by Richard. Wake Bank provisionally credits Barry's account on Monday. When is payment final?

• A) Automatically at the end of the third business day.
• B) Midnight Tuesday.
• C) When the amount of the check is collected from Richard's bank.
• D) When Richard's bank receives the check.

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Definitions:

Insect Eaters

Organisms that primarily consume insects as their main source of nutrition.

Diurnal Mammals

Mammals that are primarily active during the day and rest at night.

Ardipithecus Ramidus

An early hominin species known for its significant contributions to the understanding of human evolution, dating back to approximately 4.4 million years ago.

Awash River Basin

A geographical area in Ethiopia that is drained by the Awash River, significant for its agricultural and cultural importance.