The Deferred Posting Rule Allows Banks to Fix an Afternoon

question 73

True/False

The deferred posting rule allows banks to fix an afternoon hour of 2:00 P.M. or later as a cutoff hour for the purpose of processing checks and deposits.

---

Definitions:

Strategic Goals

Long-term objectives that an organization or individual aims to achieve, which are critical for guiding decision-making and overall direction.

Customer

An individual or organization that purchases goods or services from another business.

Strategic Customer Relationship

The deliberate approach to managing a company's interactions with current and future customers to improve loyalty and engagement.

Preapproach

A preparatory stage in the selling process where a salesperson researches and plans strategies to approach potential customers.