Which of the Following Is True About Electronic Check Presentment

question 65

Multiple Choice

Which of the following is true about electronic check presentment?

• A)The UCC is silent as to electronic check presentment.
• B)It is not possible process checks on the day of deposit.
• C)The individual who encodes the information from the check does not need to warrant that the information is correct.
• D)Banks may transmit substitute checks,instead of the actual checks,for payment between banks.
• E)Only the actual check may be transmitted for payment between banks.

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Definitions:

Self-Concepts

The collection of beliefs, perceptions, and evaluations individuals have about themselves.

Social Attitudes

The beliefs, feelings, and behaviors that people have towards other individuals, groups, ideas, or practices.

Functionalist Perspective

A theoretical approach that views society as a complex system whose parts work together to promote solidarity and stability.

Conflict Theory

A perspective in sociology that views society as being in a constant state of conflict due to competition for limited resources.