A Cash Item in the Process of Collection Is

question 25

Multiple Choice

A cash item in the process of collection is

• A)a U.S. Treasury bill that has matured, but for which the bank has not yet received payment.
• B)a car loan payment that is due but not yet received by the bank.
• C)a check drawn against another bank, from whom the funds have not yet been collected.
• D)currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.

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Definitions:

Mathematics

The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as they apply to other disciplines such as physics and engineering (applied mathematics).

Spatial Perception

The ability to perceive and understand the relative positions of objects in space.

Long-Term Memory

The aspect of memory responsible for storing information over extended periods, ranging from days to a lifetime.

Cytoskeleton

A network of protein fibers within a cell that gives it shape, offers support, and facilitates movement.