Which of the following is true of the Check 21 Act?
A)It allows banks to handle a limited number of checks electronically.
B)It has made it mandatory for banks to return the canceled checks to the customers.
C)It authorizes banks to transform information they receive in electronic form back into a paper copy of the check.
D)It requires that banks keep the customers' original checks for a specified period of time.

Question

Quizplus · Accepted Answer

Check 21 authorizes banks to transform information they receive in electronic form back into a paper copy of the check.

Which of the Following Is True of the Check 21