Banks Keep ________ of Checking Deposits as Reserves Because on a Typical

question 99

Multiple Choice

Banks keep ________ of checking deposits as reserves because on a typical day withdrawals ________ deposits.

• A)more than 100%; are much greater than
• B)exactly 100%; are about the same as
• C)less than 100%; are about the same as
• D)exactly 100%; are much greater than
• E)less than 100%; are much greater than

Understand the concept and legal implications of uttering a forged instrument.

Comprehend the rights of bank customers under the Check 21 Act.

Identify the roles and responsibilities in electronic fund transfers.

Know the effects of bank obligations and customer rights regarding check deposits and withdrawals.

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