Within How Many Business Days Must a Bank Make Proceeds

question 124

Multiple Choice

Within how many business days must a bank make proceeds of deposited checks available?

• A)3 days for all checks
• B)3 days for local and 7 days for nonlocal checks
• C)2 days for local and 5 days for nonlocal checks
• D)5 days for all checks
• E)7 days for all checks

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Definitions:

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.

Hostility

An emotion or behavior characterized by anger, unfriendliness, or opposition towards others.

Defense Mechanism

Unconscious tactics employed to shield oneself from the distress caused by undesirable thoughts or emotions.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.