An Objective of the Check 21 Act Is To

question 40

Multiple Choice

An objective of the Check 21 Act is to:

• A) require banks to accept checks in electronic form, thereby reducing paperwork.
• B) make the check collection process faster by transferring files digitally.
• C) enhance fraud detection.
• D) All of these are objectives.
• E) Only to make the check collection process faster by transferring files digitally and to enhance fraud detection.

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Definitions:

Hydrogen Ions

Positively charged ions (H+) that are formed when hydrogen loses its electron and are involved in acid-base balance in the body.

ATP Production

The process by which cells generate adenosine triphosphate (ATP), the primary carrier of energy within cells.

Chemiosmosis

A process by which ATP is generated in the mitochondria through the movement of hydrogen ions across a membrane.

Inner Mitochondrial Membrane

The membrane inside mitochondria that is the site of the electron transport chain and ATP (adenosine triphosphate) production.