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30.
(p. 637)
Which of the following is a bank, other than a payor bank, handling the check at any point
from the time the check is deposited to the time it reaches the payor bank?
31.
(p. 636)
Which of the following is a bank receiving a transferred check during a collection process
excluding the first bank and the last bank?
32.
(p. 636)
When the depositary bank is the same bank as the payor bank, the check is referred to as
a[n] ____.
33.
(p. 637)
A bank may determine that _____ or later is the cutoff hour for handling checks.
34.
(p. 637)
The Federal Reserve System consists of ______ central banks.
35.
(p. 637)
A[n] ______ is an institution created to facilitate banks in their exchange of checks and
drafts drawn on one another, as well as to enable banks to settle their daily balances.
36.
(p. 638)
The first ______ of any amount deposited in a bank must be available to the depositor on
the business day following the day of deposit.
37.
(p. 638)
If a customer makes a deposit over ____, the depositary bank may place an 8-day hold on
the funds.
38.
(p. 638)
Under the ____, a bank has a duty to pay checks from a customer's account so long as
the check is properly payable.
39.
(p. 643)
An oral stop payment order is valid for _________ unless the order is later confirmed in
writing.
40.
(p. 644)
If a check is not presented to a bank within ____________ of its date, the check is
considered stale check.
41.
(p. 646)
Under the UCC, if the customer does not notify the bank of an unauthorized signature
within ______ after the statement has been made available, she cannot hold the bank liable for
the payment.
42.
(p. 646)
Assuming the bank is not negligent, in the case of multiple forgeries by the same
wrongdoer, what is the effect of a customer's failure to ever notify the bank of the first forgery in
regard to subsequent forgeries?
43.
(p. 648)
Regardless of the care used in cashing a check by the bank, a customer must report a
forgery within ________ from the date the bank statement showing the forgery is available to the
customer or the customer will lose the right to recover.
44.
(p. 648)
Generally, when an endorsement on a check has been forged, which party is the party
ultimately liable for the loss?
45.
(p. 648)
Which of the following is defined by the UCC as a change, without consent, that nullifies
the obligation of a party to the instrument?
46.
(p. 649)
When money is transferred by an electronic terminal, telephone, or computer, this
transfer is called a[n] ____.
47.
(p. 649)
Which of the following allows a consumer to directly transfer funds from a banking
account to a merchant?
48.
(p. 650)
Which of the following is a deposit that is preauthorized and performed on a customer's
account through an electronic terminal?
49.
(p. 649)
Which of the following is true regarding types of electronic fund systems?
50.
(p. 650)
Which of the following governs consumer fund transactions in electronic fund transfers?
