The Check Clearing Act for the 21^st Century has caused: A)increased check kiting. B)zero-balance accounts to disappear. C)the elimination of all lockboxes. D)a reduction in collection float, but not disbursement float. E)a reduction in both collection and disbursement float.

Question

Quizplus · Accepted Answer

The Check Clearing for the 21st Century Act, also known as Check 21, allows banks to handle checks electronically, which speeds up the check clearing process and reduces both collection and disbursement float times.

The Check Clearing Act for the 21st Century Has Caused

The Check Clearing Act for the 21^st Century Has Caused