How Quickly Can a Bank Receive Payment Once It Transmits

question 4

Multiple Choice

How quickly can a bank receive payment once it transmits a copy of a check to the bank on which the check was drawn?

• A) Immediately
• B) In 1 day
• C) Between 1 and 2 days
• D) 2 days
• E) Between 2 and 3 days

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The ability to understand complex ideas and concepts, and to apply strategic thinking and problem-solving at a high level.

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Decision-making process where important decisions are made by a small group of people, typically higher management, at the center of the organization.

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