To Whom Does a Bank Usually Charge a Fee for an NSF

question 29

Multiple Choice

To whom does a bank usually charge a fee for an NSF (not sufficient funds) check?

• A) The party that attempts to cash the check only.
• B) Most banks do not charge fees for NSF checks.
• C) The owner of the account on whom the check is written only.
• D) Both the owner of the account and the party that attempts to cash the check.

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Definitions:

Accumulated Value

An accumulated value is a total sum that has been gathered or added up over time, often seen in contexts such as finance, statistics, or data collection.

Preset Value

A specific value assigned in advance to control or configure the behavior of a program or device.

Timer File

A collection of timers in a PLC or software application, organized in a specific format for scheduling or tracking events.

SLC 500

A series of small programmable logic controllers (PLCs) manufactured by Allen-Bradley designed for small to mid-size automation projects.