16-37 Daylight overdraft risk occurs because banks often provide immediate credit to customers for deposits,even though the funds may not arrive until later in the day or the next day.

Question

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Daylight overdraft risk is a real risk that occurs because banks might credit their customers' accounts with funds that have not yet arrived or cleared, thus leading to potential overdrafts.

16-37 Daylight Overdraft Risk Occurs Because Banks Often Provide Immediate