TriState Bank Agrees to Accept a Check by Setting Aside

question 66

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)a provisional credit.

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Definitions:

Return Rate

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s initial cost.

Intercept Point

The exact point on a graph where two lines meet, often used in statistical analysis and economics.

Unsystematic Risk

The risk of price change in a specific security due to factors unique to that security, not affecting the market as a whole.

Unique Risks

The specific uncertainties or dangers associated with a particular investment or company, which are not common to all investments.