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Brendan Signs a Check "Pay to the Order of College

question 58

Multiple Choice

Brendan signs a check "pay to the order of College Bookstore" drawn on his account in Delta Bank to pay for his current semester's textbooks. The bookstore deposits the check in its account in Eagle Bank. This check is


Definitions:

Congress Authority

The legal and constitutional powers granted to the United States Congress, including making laws, declaring war, and regulating commerce.

Federal Funds

Reserves held at Federal Reserve Banks that can be transferred between financial institutions, usually overnight.

Insurance Coverage

The amount of risk or liability that is covered for an individual or entity by way of insurance services.

Congress Authority

The powers and responsibilities granted to the legislative branch of the United States government, as outlined in the Constitution.

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