Regardless of the Care Used in Cashing a Check by the Bank

question 37

Multiple Choice

Regardless of the care used in cashing a check by the bank, a customer must report a forgery within ________ from the date the bank statement showing the forgery is available to the customer or the customer will lose the right to recover.

• A) 90 Days
• B) 120 Days
• C) 180 Days
• D) 9 Months
• E) 1 Year

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Definitions:

Yield Management

A pricing strategy used in industries with fixed capacities, such as hotels and airlines, to maximize revenue through the manipulation of prices based on demand.

Variable Costs

Costs that vary directly with the level of business activity.

Fixed Costs

Costs that do not change in total amount with changes in the volume of production, such as rent, salaries, and insurance expenses.