Fact Pattern 22-2

question 25

Multiple Choice

Fact Pattern 22-2
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 ac?count at First National Bank.
-Refer to Fact Pattern 22-2. 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:

Cultural Values

The core principles and ideals upon which an entire community exists and functions.

Legal Restrictions

Laws or regulations that limit or regulate certain actions or practices within a specific context or industry.

American Marketing Association

A professional association for marketing professionals and scholars dedicated to advancing the practice, science, and education of marketing.

Statement of Ethics

A formal declaration of an organization's values and ethical principles that guides its business practices and decision making.