Statement I: the Check Clearing for the 21^st Century Act

question 155

Multiple Choice

Statement I: The Check Clearing for the 21^st Century Act passed by Congress in 2004 with the intent to hasten the adoption of electronic check processing.
Statement II: The Fed performed its lender of last resort duty during the last major emergency after the terrorist attacks of 9/11 by lending over $45 billion to banks and thus avoiding a financial panic.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Administrative Medical Assistant

A specialized medical assistant who performs administrative tasks in healthcare settings, such as managing patient records, scheduling appointments, and handling billing and insurance.

Lab Results

The outcomes or findings derived from examinations and tests conducted in a laboratory setting, typically pertaining to medical diagnostics.

Soft Skill

Personal attributes that enhance an individual’s interactions, job performance, and career prospects, such as communication and teamwork abilities.

Hard Skill

A specific, teachable ability or skill set that can be defined and measured, such as typing, writing, math, reading, or the ability to use software programs.