A Bank Is Not Required to Pay a Check Presented

question 4

True/False

A bank is not required to pay a check presented more than three months after its date.

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Definitions:

Rent Controls

Government-imposed limits on the rent landlords can charge tenants.

Rental Units

Housing accommodations that are leased to tenants, typically involving a payment made at regular intervals for the use of the property.

Surplus

An excess of supply over demand in a market, leading to lower prices or unused stock.

Price Control

Government-imposed limits on the prices that can be charged for goods and services in the market, to protect consumers and prevent market abuse.