Banks May Process Electronic "Substitute Checks" in Place of Customer

question 52

Multiple Choice

Banks may process electronic "substitute checks" in place of customer written hard copy checks due to the:

• A) Check Clearing for the 21^st Century Act.
• B) Public Company Accounting Oversight Board's Standard No. 2.
• C) Foreign Corrupt Practices Act.
• D) Sarbanes-Oxley Act.

---

Definitions:

Cumulative Probability

This term refers to the probability that a random variable is less than or equal to a specified value.

Binomial Coefficients

The coefficients that appear in the binomial theorem, representing the number of ways to choose a subset of elements from a larger set, without regard to the order of selection.

Speed Limits

Speed limits refer to the maximum legal speed at which vehicles may travel on a particular stretch of road.

IUPAC Name

Naming chemical compounds systematically in accordance with the standards set by the International Union of Pure and Applied Chemistry.