A Check Is Finally Paid When ________

question 2

Multiple Choice

A check is finally paid when ________.

• A) the depository bank credits the customer's account with an option to reverse the credit in case of dishonoring of the check
• B) the payer bank fails to dishonor the check within certain statutory time periods
• C) the drawer settles for the check while holding a right to revoke the settlement
• D) the final bank in the collection process tentatively credits the account of the prior transferor

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Definitions:

Selective Cutting

A forestry practice where only certain trees are cut down, allowing for a mix of tree ages and types to remain, promoting a healthier forest.

Uneven-aged Stand

A forestry term referring to a forest, woodland, or stand of trees that has trees of mixed ages within it, which can enhance biodiversity and resilience.

Mature Trees

Fully grown trees that have reached their full size and are often considered crucial for providing habitat and ecosystem services.

Forested Watershed

A geographic area in which all water runoff drains into a single body of water, covered significantly by forests, affecting water quality and ecosystem health.