State Bank Agrees to Accept a Check by Setting Aside

question 24

Multiple Choice

State Bank agrees to accept a check by setting aside sufficient funds to cover the amount. This check is considered​

• A) ​cashed.
• B) ​certified.
• C) ​deposited.
• D) ​a provisional credit.

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Definitions:

Semi-Annually

Occurring or conducted twice a year, typically every six months.

Quarterly

Pertaining to a financial or business period of three months, often used in reporting financial results and performance metrics.

Liquidity Ratios

Financial metrics used to determine a company's ability to pay off its short-terms debts obligations, indicating its financial health.