Why are there such rigid and short deadlines for banks to decide whether or not to pay items? Does the midnight deadline force banks into making payment decisions before they have adequate information?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q73: Banks are required to file a Currency
Q74: With an "on us" item,which banks are
Q75: Drew makes out a check payable to
Q76: Kenny has a checking account at Local
Q77: Mark sold his car to Mary.Mary paid
Q79: Assuming the bank has proper notice,which of
Q80: When a bank pays a check that
Q81: Bubba,a good old country boy who has
Q82: Jenny has a checking account at Intrastate
Q83: Richard has a checking account at the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents