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A Check Is Finally Paid When ________

Question 2

Multiple Choice

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

Correct Answer:

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