A Check Is Finally Paid When ________

question 2

Multiple Choice

A check is finally paid when ________.

• A) the depository bank credits the customer's account with an option to reverse the credit in case of dishonoring of the check
• B) the payer bank fails to dishonor the check within certain statutory time periods
• C) the drawer settles for the check while holding a right to revoke the settlement
• D) the final bank in the collection process tentatively credits the account of the prior transferor

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Definitions:

Contrast Effects

Previously interviewed job applicants affect an interviewer’s perception of a current applicant, leading to an exaggeration of differences between applicants.

Fundamental Attribution Error

This refers to the tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of external factors.

Distinctiveness Cue

A feature or characteristic that makes an object, person, or group stand out from others.

Consensus Cue

A social influence where the agreement among multiple parties or sources enhances the perceived validity of information or decisions.