Which One of the Following Is an Expected Result of the Check

question 41

Multiple Choice

Which one of the following is an expected result of the Check Clearing Act for the 21^st Century?

• A)Firms will have to wait three days before having access to their deposited funds.
• B)Zero-balance accounts will be eliminated.
• C)Lockboxes will be prohibited.
• D)Collection float, but not disbursement float, will be reduced.
• E)Both collection and disbursement float will be reduced.

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Definitions:

Videoconferencing

The use of video technology to conduct a conference between two or more participants at different sites.

Remote Locations

Areas that are situated far from populated centers, often inaccessible by conventional means of transportation.

Virtual Teams

Groups of people who work together from different geographical locations, connected by the internet or other digital communication technologies.

Virtual Worlds

Computer-based simulated environments where users can interact with a graphical interface and other users through avatars.