If a Customer Makes a Deposit Over ____,The Depositary Bank

question 53

Multiple Choice

If a customer makes a deposit over ____,the depositary bank may place an 8-day hold on the funds.

• A) $1,000
• B) $2,000
• C) $3,000
• D) $4,000
• E) $5,000

---

Definitions:

Odometer

A device used to measure the distance traveled by a vehicle.

Mileage

The distance measured in miles, often used to determine travel distances, vehicle usage for personal or business purposes, or in calculating reimbursements.

Selling Car

The process or act of transferring ownership of a vehicle from one person to another in exchange for money or other compensation.

Consumer Leasing Act

is a federal law in the United States that regulates personal property leases that exceed four months and are used primarily for personal, family, or household purposes, to ensure consumers are informed about the terms and costs.