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:

Utility Function

A utility function is a mathematical representation in economics that depicts an individual's preference ranking over a set of goods or outcomes, showing the level of satisfaction or utility derived from them.

Nuts

Hard-shelled edible seeds of certain plants, often rich in oil and nutrients.

Berries

Small, juicy fruits with a high vitamin content, often edible and ranging in flavor from sweet to tart, used in various culinary applications.

Utility Function

A mathematical representation that ranks preferences or satisfaction levels consumers derive from consuming goods and services.