Which of the Following Best Describes a Stale Check

question 17

Multiple Choice

Which of the following best describes a stale check?

• A)A check that has been written by the drawer for a date in the future which a bank can honor even before the date on the check.
• B)An incomplete check of the customer that is presented to the drawee bank for payment.
• C)A check that has been written by the maker dated at some point in the past,which can be paid and charged to the customer's account even at the present date.
• D)A check that is more than six months old for which a bank does not owe its customer a duty to pay out of the customer's account.

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Definitions:

Project Data

Information collected and used during the execution of a project, including metrics, progress reports, and outcomes.

Standard Normal Variable

A normalized random variable that has a mean of 0 and a standard deviation of 1.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean.

Normal Distribution

A bell-shaped distribution curve that is symmetrical about the mean, describing how random variables are distributed.