In the ________ Congress Set Out Mandatory Schedules Limiting Check

question 86

Multiple Choice

In the ________ Congress set out mandatory schedules limiting check holds and specifying when funds are to be made available to customers by depositary institutions.

• A)Expedited Funds Availability Act
• B)Electronic Fund Transfer Act
• C)Electronic Banking Act
• D)Federal Reserve Act

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Definitions:

Routine Information

Regularly occurring data or facts that are standard in nature and often procedural or administrative.

Routine Inquiry

A regular or standardized request for information, often part of everyday business or research practices.

Buffer

A temporary storage area or protective barrier that mitigates the impact of changes or differences between systems or entities.

Persuasive Opening

The initial part of a communication intended to capture attention and influence the audience's attitude or behavior positively towards a particular argument or viewpoint.