If the drawer and the payee of a check have accounts at the same bank, the check is called an "on them" item when it is presented for payment by the payee.
Correct Answer:
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Q51: The bank where the payee or holder
Q52: The check collection process, which may involve
Q53: The _ is a government agency that
Q54: Which of the following is true of
Q55: If a payer bank pays the altered
Q57: Instead of depositing an "on them" check
Q58: The drawer's failure to report a forged
Q59: The payer bank cannot charge the customer's
Q60: A forged signature is wholly inoperative as
Q61: Which of the following is one of
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