Fact Pattern 19-2 Tom Draws a Check, on His Account in State Bank

question 71

Multiple Choice

Fact Pattern 19-2
Tom draws a check, on his account in State Bank in New York, payable to Digital Media, Inc., in San Francisco. Digital deposits the check in its account at First National Bank.
-Refer to Fact Pattern 19-2. Tom's bank is

• A) the cashing bank.
• B) the depositary bank.
• C) the intermediary bank.
• D) the payor bank.

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Definitions:

Mobile Phone Store

A retail outlet specializing in the sale of mobile phones and related accessories, including various brands and models, often providing services like repair and technical support.

Joint Probability Distribution

Describes the probability distribution for two or more random variables simultaneously and their dependency relationships.

Mobile Phone Store

A retail store specializing in selling mobile phones and related accessories.

Marginal Probability Distribution

The probability distribution for a subset of variables within a multi-variable distribution, ignoring the presence or effects of the other variables.