When a Check Is Drawn and Cleared, the

question 246

Multiple Choice

When a check is drawn and cleared, the

• A) reserves and deposits of both the bank against which the check is cleared and the bank receiving the check are unchanged by this transaction.
• B) bank against which the check is cleared loses reserves and deposits equal to the amount of the check.
• C) bank receiving the check loses reserves and deposits equal to the amount of the check.
• D) bank against which the check is cleared acquires reserves and deposits equal to the amount of the check.

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Definitions:

Gray Matter

The darker part of the brain and spinal cord consisting mainly of neuronal cell bodies, dendrites, and unmyelinated axons, and is involved in processing information.

White Matter

White matter refers to the pale-colored part of the central nervous system that consists mostly of myelinated nerve fibers and serves to transmit signals within the brain.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for higher cognitive functions like decision making, problem solving, and controlling behavior.

Organizing

The act or process of arranging, structuring, or coordinating elements in a systematic way to achieve a specific goal or order.