When processing a check,Savings & Trust Bank encodes information,such as the amount of the check,on the item. Savings & Trustthereby warrants to any subsequent bank or payor that
A)the item has been returned to the drawer.
B)none of the choices.
C)the check has been processed manually.
D)the encoded information is correct.

Question

Quizplus · Accepted Answer

Savings & Trust Bank encodes information on the check to ensure that the amount written on the check matches the amount that is being processed. By doing so, the bank warrants to any subsequent bank or payor that the encoded information is correct.

When Processing a Check,Savings & Trust Bank Encodes Information,such as the Amount