The Funds Deposited in a Chequing Account Can Be Restricted

question 6

Multiple Choice

The funds deposited in a chequing account can be restricted for use by

• A)a holding period.
• B)outstanding cheques.
• C)interest earned.
• D)service charges.
• E)electronic banking.

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Definitions:

PIPEDA

The Personal Information Protection and Electronic Documents Act, a Canadian law that governs how private-sector organizations collect, use, and disclose personal information in the course of commercial business.

PIPEDA Principle

Foundational standards under the Personal Information Protection and Electronic Documents Act in Canada, guiding the collection, use, and disclosure of personal information in private sector.

Employee Handbook

A manual provided to employees by an organization outlining policies, procedures, and guidelines for conduct and operations.

Top-down Communication

The flow of information from higher levels of organizational hierarchy to lower levels, typically involving directives, policies, and procedures from management.