Which of the Following Is True of the Check 21

question 11

Multiple Choice

Which of the following is true of the Check 21 Act?

• A) The processes it enabled are time-consuming and costly.
• B) It is designed to enable banks to handle more checks electronically.
• C) It completely discourages check truncation.
• D) It requires banks to retain a legible copy of checks for fifteen years.

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Definitions:

Schizophrenia

A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Thalamus

A part of the brain that serves as a relay station for sensory information, directing it to the appropriate areas of the brain for processing.

Abnormalities

refer to deviations from the normal or average, often implying a dysfunction or disorder in a biological, psychological, or sociological context.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.