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Match the Following

question 159

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Choosing the best alternative


Definitions:

Check 21 Act

A law that allows banks to process checks electronically, speeding up check clearing and reducing the need for physical transportation of checks.

Substitute Checks

Paper copies created from an original check that are legally equivalent for banking purposes, allowing for electronic processing.

Truncate

To shorten something by cutting off a part of it, commonly used in the context of modifying data, strings, or numerical values in computing.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

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