Fact Pattern 19-3

question 21

Multiple Choice

Fact Pattern 19-3
Ryley draws a check,on his account in Second National Bank in New York,payable to Tuner TV,Inc. ,in San Francisco.Tuner deposits the check in its ac?count at US Bank.US deposits the check in the Federal Reserve Bank of San Francisco,which transfers it to the Federal Reserve Bank of New York.That Federal Reserve bank sends the check to Second National.
-Refer to Fact Pattern 19-3.US Bank (Tuner's bank) is

• A)the cashing bank.
• B)the depositary bank.
• C)the intermediary bank.
• D)the payor bank.

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Definitions:

Conservative Values

Conservative Values are principles that emphasize tradition, stability, and respect for authority, often associated with right-leaning political ideologies.

Fundamental Issues

Core or primary concerns, problems, or disputes that are essential to the nature of a subject or context.

Historical Development

The process of evolution and change in societies, institutions, or constructs over time.

Racial Stereotypes

Oversimplified and generalized beliefs about individuals based on their race or ethnicity.