39. Check 21 had which of the following effects on check payments? (BLJ, pp. 32, 36; Kindle, 586593,666 ). (Ch. 6, Phase Two: Imaging; Image Clearing, Image Clearing - the Future, Box on The Image of Image Clearing) 1. Increased the share of payments made by check. 2. Reduced the average time required to clear check payments. 3. Largely eliminated the expense of transporting paper checks. 4. Decreased vulnerability of payments system to terrorist attacks such as 9/11. A. 1,3 , and 4 B. 2,3 , and 4 C. 1,2 , and 3 D. 1,2 , and 4 40. "Positive pay" is a service offered primarily to business customers to prevent ___. Under this arrangement, the bank . (BLJ, p. 39; Kindle, 710) (Ch. 6, Check Products, Checking Accounts-Large Enterprises) A. checks from bouncing due to insufficient funds; requires the customer to maintain a high minimum balance B. checks from bouncing due to insufficient funds; requires the customer to link its checking account to a savings account C. fraudulent checks from being paid; pays the check only if it is on a list provided by the customer ahead of time D. fraudulent checks from being paid; pays the check only after contacting the customer to verify it is legitimate 41. The purpose of "lockbox services" is to provide businesses with (BLJ, p. 39; Kindle, 710-722) (Ch. 6, Check Products, Lockbox Services-Enterprises) A. a safe place to store large volumes of cash B. a safe place to store large volumes of checks C. an efficient way to process large volumes of checks written to suppliers D. an efficient way to process large volumes of checks received from customers 42. In check payments, remote deposit capture (RDC) is a way for . (BLJ, pp. 39-40; Kindle, 722-733) (Ch. 6, Check Products, Remote Deposit Capture) A. the payee's bank to send an electronic image of a check to the Federal Reserve B. the payer to send an electronic image of a check to the payee C. the payee to deposit an electronic image of a check with his or her bank D. the payee's bank to send an electronic image of a check to the payer's bank