As a result of "Check 21-The Check Clearing for the 21st Century Act":
A) banks no longer have to ship paper checks to complete the process of check clearing.
B) people can write checks and plan on having a couple of days to make a deposit to cover the check amount.
C) canceled checks can no longer be used as proof of payment.
D) the Federal Reserve is no longer involved in the check-clearing process.

Question

Quizplus · Accepted Answer

Check 21 allows banks to use a digital image of a check for clearing, rather than having to physically transport the paper check.

As a Result of "Check 21-The Check Clearing for the 21st