Fact Pattern 18-2 Tom Draws a Check,on His Account in State Bank in State

question 38

Multiple Choice

Fact Pattern 18-2
Tom draws a check,on his account in State Bank in New York,payable to Digital Media,Inc.,in San Francisco.Digital deposits the check in its ac-count at First National Bank.
-Refer to Fact Pattern 18-2.Tom's bank is

• A)the cashing bank.
• B)the depositary bank.
• C)the intermediary bank.
• D)the payor bank.

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Definitions:

System of Equations

A set of two or more equations with the same variables, which are solved simultaneously to find their common solution.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.

Mathematical Expression

A combination of numbers, operators, and sometimes variables that represents a mathematical relationship or value.

Exponentiation

A process of multiplying a number by itself a specified number of times, indicated by the exponent.