The "Check 21" Act Allows Banks to _____

question 33

Multiple Choice

The "Check 21" act allows banks to _____.

• A) use substitute checks to reduce check-clearing time
• B) delay paying the check without proper identification
• C) choose when checks are processed
• D) fingerprint people who are cashing checks

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Definitions:

Low-involvement

Products or services that require minimal thought and effort from consumers before purchase due to their simplicity and low cost.

High-involvement

Refers to purchase decisions that carry a higher risk to buyers and therefore require more thought and research.

Reference Groups

Groups that people refer to when evaluating their own qualities, circumstances, attitudes, values, and behaviors.

Marketers

Marketers are professionals or companies involved in the promotion and selling of products or services, including advertising, market research, and strategy development.