A check is finally paid when ________
A) the depository bank credits the customer's account with an option to reverse the credit in case of dishonoring of the check
B) the payer bank fails to dishonor the check within certain statutory time periods
C) the drawer settles for the check while holding a right to revoke the settlement
D) the final bank in the collection process tentatively credits the account of the prior transferor
B
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An advantage of providing multiple financial services within one financial institution is that it
A) lowers information costs. B) develops broader long-term relationships with customers. C) both A and B of the above. D) none of the above.
A good potential ERP vendor will have an active user base involved in defining future functional changes, and this is important to consider when selecting a vendor
Indicate whether the statement is true or false