Value Dating Refers to the Practice in Which Banks Delay

question 11

Multiple Choice

Value dating refers to the practice in which banks delay availability of deposited checks and

• A)Delaying the availability of deposited checks
• B)retroactively advance the debit date for cleared checks
• C)results in easier monitoring by the company of its bank balance
• D)'a' and 'b'
• E)all of the above

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 (acidic) to 14 (basic).

Buffer Solution

A solution that can resist changes in pH when small quantities of an acid or base are added, maintaining a relatively constant pH.

pH

A measurement system that identifies whether an aqueous solution is acidic or alkaline, with values extending from 0 (indicative of acidity) to 14 (signifying basicity).

Components

Individual parts or substances that constitute a composite material or mixture.