Perform the Indicated Operation with Fractions

question 13

Short Answer

Perform the indicated operation with fractions. Reduce to lowest terms as indicated.
15/21 - 10/21 = _____

---

Definitions:

Collecting Bank

A collecting bank is a bank that handles the collection of payments on behalf of a depositor, including processing checks and drafts.

Federal Reserve Bank

The central banking system of the United States, responsible for determining national monetary policy and regulating financial institutions.

Depository Bank

A financial institution where securities and assets are stored and managed on behalf of their clients.

Holder in Due Course

A person or entity that has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be used against the original payee.