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The Check Clearing for the 21st Century Act (Known as Check

Question 96

Multiple Choice

The Check Clearing for the 21st Century Act (known as Check 21) shortens the processing time for deposited checks by:


A) verifying the identity of the depositor.
B) establishing the substitute check.
C) verifying the identity of the financial institution.
D) eliminating paper checks.
E) making the funds immediately available upon deposit.

Correct Answer:

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