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American National Bank receives a check at 4 p.m. on Thursday afternoon. American considers the check to have been received on Friday morning, so they
American National Bank receives a check at 4 p.m. on Thursday afternoon. American considers the check to have been received on Friday morning, so they do not need to pass it to the next bank in the collection chain until Monday. This is called: a. deferred posting. b. manipulating the timeline. c. delayed passage. d. Federal Reserve flexibility.
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