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.

Appreciate the cultural value of social action and its impact on business practices.

Understand the concept of value consciousness among consumers.

Recognize how external economic forces like inflation and recession affect the overall economy and individual financial decisions.

Identify changes in consumer income levels and their impact on spending habits.

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

Diathesis-stress Model

A psychological theory that explains behavior as both a result of biological and genetic factors ("diathesis") and life experiences ("stress").

Psychopathology

A sickness or disorder of the mind.

Daily Functioning

The ability of an individual to perform normal daily activities, such as eating, bathing, dressing, paying bills, and socializing.