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:

Nucleophilic Attack

A type of chemical reaction where an electron-rich nucleophile targets and binds to an electron-deficient atom, typically carbon.

Acid Derivatives

Organic compounds derived from acids, where the hydroxyl (OH) group is replaced with other functional groups such as halides, esters, or amides.

Ethyl Benzoate

An organic compound formed by the esterification of benzoic acid with ethanol, known for its sweet, flowery scent.

Methanol

A simple alcohol with the chemical formula CH3OH, used as a solvent, antifreeze, or fuel.