TriState Bank Agrees to Accept a Check by Setting Aside

question 67

Multiple Choice

TriState Bank agrees to accept a check by setting aside sufficient funds to cover the amount.This check is considered 

• A) ​cashed. 
• B) ​certified. 
• C) ​deposited. 
• D) ​provisionally credited.

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Definitions:

Japanese Yen

The Japanese Yen is the official currency of Japan, known as one of the most traded currencies in the foreign exchange market.

Appreciated

Increased in value or price.

Traded

The action of buying, selling, or exchanging goods and services between people, businesses, or countries.

Net Creditor Nation

A country that has more investments abroad than other countries have within its borders, resulting in a positive balance of international investments.