Arturo's bank tells him they have placed an eight-day hold on the funds.Arturo tells them they cannot do so.Is he correct?

Question

Quizplus · Accepted Answer

A)If a customer makes a deposit over $5,000,the depositary bank may place an
eight-day hold on the funds.
B)If a customer makes a deposit over $5,000,the depositary bank may place an eight-day hold on the funds.
C)If a customer makes a deposit over $5,000,the depositary bank may place an eight-day hold on the funds.
D)If a customer makes a deposit over $5,000,the depositary bank may place an eight-day hold on the funds.
E)If a customer makes a deposit over $5,000,the depositary bank may place an eight-day hold on the funds.
Page Ref:
Topic: Accepting Deposits

Arturo's Bank Tells Him They Have Placed an Eight-Day Hold