Which of the Following Statements Regarding Check 21 Is False

question 64

Multiple Choice

Which of the following statements regarding Check 21 is false?

• A) It allows banks to exchange checks electronically.
• B) Before this system, paper checks were flown around the country from bank-to-bank to complete the check-clearing process.
• C) It requires that banks exchange check images.
• D) It significantly reduced float.

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Definitions:

Oliver Cromwell

A key figure in English history who led the parliamentary forces in the English Civil War and later served as the Lord Protector of the Commonwealth of England, Scotland, and Ireland.

Religious Intolerance

The unwillingness or refusal to accept or respect beliefs, practices, or persons differing from one's own religion.

English Civil Wars

The English Civil Wars were a series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England during the mid-17th century, centered around governance and authority disputes.

Colonial Development

The process of establishing, expanding, and managing colonies by a mother country, often involving the exploitation of resources and indigenous populations.