A Bank That Knows of a Customer's Death

question 42

Multiple Choice

A bank that knows of a customer's death:

• A) cannot pay checks written by the customer.
• B) can pay checks written by the customer for a period of 10 days.
• C) can pay checks written by the customer for a period of 14 days.
• D) cannot pay checks written by the customer till authorized by the heirs.

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Definitions:

Mental Age

A measure of a person's intellectual development relative to people of their chronological age, indicating how far they have progressed in their cognitive abilities.

Cognitive Abilities

The mental capabilities that involve the acquisition, processing, retention, and application of information, such as memory, reasoning, attention, and problem-solving.

Encoding

The process of translating sensory input into a form or format that can be stored and used by the memory system.

Metacognition

The consciousness and comprehension of an individual's own cognitive mechanisms, commonly described as "thinking about thinking."