1. Bank XYZ has a published ledger cutoff time of 3:00 p.m. Company ABC deposits a check drawn on a St. Louis bank on Tuesday at 2:00 p.m. Based on the availability schedule above, on which of the following days will Company ABC receive availability of the funds?

1. Wednesday
2. Tuesday
3. Monday
4. Thursday

1. The Dodd-Frank Act of 2010
2. 1. requires registered swap dealers acting as counterparties to pension funds to provide them with adequate advisory representation.
   2. created a government clearinghouse for over-the-counter derivatives.
   3. gives the Financial Stability Oversight Council broad authority to regulate clearing and settlement intermediaries.
   4. grants the Financial Stability Oversight Council oversight authority over the Fed's Board of Governors.

1. Which of the following is a reason that banks may favor fee compensation over balance compensation?
2. 1. Balance compensation is not as visible as fees for budgeting purposes.
   2. The strategy involves attracting deposits to fund their loans.
   3. Earning credits used to determine the value of collected balances are taxable.
   4. Deposit balances increase liabilities on the balance sheet.

1. An organization's primary operations occur in the U.S. and Europe. However, it has relocated its cash management and accounting functions to an in-house business unit located in India. This business supports standardized finance processes and controls. It has also established, measured and reduced the cost of these back-office business processes. Which of the following BEST describes this concept?

1. Outsourcing
2. Netting center
3. Decentralized control
4. Shared service center