Banks typically put a ________ on the depositor's ability to access some or all of the funds represented by the instrument until it ________ through the system.
A)halt;clears
B)hold;passes
C)hold;clears
D)halt;passes

Question

Quizplus · Accepted Answer

Because the bank where a check has been deposited for collection needs some time to make sure that the item is valid and will be paid,banks typically put a "hold" on the depositor's ability to access some or all of the funds represented by the instrument until it "clears" through the system.

Banks Typically Put a ________ on the Depositor's Ability to Access