When a Depositary Bank Receives a Check,it Must Present the Check

question 6

True/False

When a depositary bank receives a check,it must present the check at the payor bank and cannot send it through intermediary banks to reach the payor bank.

---

Definitions:

Acquisition

The act of obtaining control of another corporation, either through purchase or merger.

Diversification

The strategy of spreading investments across various asset classes or sectors to reduce risk.

Merger

A strategic business action where two entities consolidate their assets, operations, and management with the aim of fostering growth or competitive advantage.