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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 29
The "Check 21" Act, which allows banks to transfer check images instead of paper checks, speeds up check processing.hat is the likely effect on:
a.Float (duplicate money because a check has been deposited but not yet deducted from the payer's account).
b.Variability of float.
c.Defensive Fed actions.
a.Float (duplicate money because a check has been deposited but not yet deducted from the payer's account).
b.Variability of float.
c.Defensive Fed actions.
Explanation
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It is given that "Check 21" Act allows b...
Macroeconomics 9th Edition by David Colander
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