Which of the Following Is False Regarding Checks

question 15

Multiple Choice

Which of the following is false regarding checks?

• A)In 2009,Americans wrote approximately 70 billion checks.
• B)Article 4 creates a framework controlling deposit and checking agreements between banks and customers;and when Articles 3 and 4 conflict,Article 4 is to take precedence.
• C)Checks are considered negotiable instruments under Article 3 of the UCC.
• D)Because of electronic fund transfers,checks are of little importance in the U.S.today.
• E)Of all the negotiable instruments regulated by the UCC,checks are the most common type used.

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Definitions:

Capacity Problems

Issues related to the inability of a system or organization to handle the volume of work or demand placed on it.

Capability Problems

Challenges faced by individuals or organizations due to gaps in skills, knowledge, or resources needed to perform effectively.

Pooled Interdependence

A form of task interdependence where group members contribute independently to a common output.

Team Members

Individuals who are part of a group working together towards a common goal, each contributing with specific roles or skills.