The ________ posting rule allows banks to fix an afternoon hour of 2:00 p.m.or later as a cutoff hour for the purpose of processing checks and deposits.

Question

Quizplus · Accepted Answer

The term "deferrable" refers to something that can be postponed or delayed. "Post-dating" refers to writing a future date on a check, which is not relevant to the question. "Dilatory" means causing a delay, which is not relevant to the question. "Referred" means directed or passed on to someone else, which is not relevant to the question. Therefore, the correct answer is B, "deferred," as it describes the rule that allows banks to delay processing checks and deposits until a designated cutoff time.

The ________ Posting Rule Allows Banks to Fix an Afternoon