If a Bank Is Presented with Four Different Checks on the Same

question 39

Multiple Choice

If a bank is presented with four different checks on the same day,at the same time,and the total sum of the four checks exceeds the amount of money on deposit,then the bank:

• A)must honor all four checks thereby creating an overdraft situation which the bank can collect with the next deposit or by going directly to the customer.
• B)must dishonor all four checks because if the bank honors one check, it must honor all four checks.
• C)must honor the first check to be presented even if it was only seconds before the next three are presented.
• D)has free rein in choosing which checks to pay and which checks to bounce, if the bank chooses not to create an overdraft.

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Definitions:

Hydrogen Atom

The simplest type of atom, consisting of one proton in the nucleus and one electron orbiting the nucleus, fundamental to the chemistry of life.

Polar Covalent Bond

A type of chemical bond where two atoms share a pair of electrons more or less unequally, creating a molecule with an electrical polarity due to uneven electron distribution.

Water Molecule

A compound formed by two hydrogen atoms and one oxygen atom, essential for life.

Phospholipids

Phospholipids are a class of lipids that are a major component of all cell membranes; they form bilayers due to their hydrophilic heads and hydrophobic tails.