Check 21 allows banks to:
A)use cargo planes to send bundles of checks to one another.
B)send digital images of checks to one another instead of the checks themselves.
C)use lockboxes to speed check processing.
D)make large value payments through Fedwire.

Question

Quizplus · Accepted Answer

Check 21 allows banks to exchange check information digitally through the use of digital images rather than physically exchanging paper checks. This speeds up the check clearing process and reduces operating costs for banks.

Check 21 Allows Banks To