Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me 1. Which one of the following is a disclosure required by Reg. CC? A. To whom objections can be directed in case
please help me
1. Which one of the following is a disclosure required by Reg. CC? A. To whom objections can be directed in case of a dispute B. Limits on total check withdrawals and electronic transfers C. What deposits are subject to delays and the length of those delays 2. Miss Martin has a check from another account holder at her bank. She deposits it into an ATM located on the premises of the bank. Under Reg. CC's funds availability schedules, the check is going to have A. next-business-day availability. B. second-business-day availability. C. fifth-business-day availability. 3. On Monday, an account holder deposits a $500 check drawn on another institution into a nonproprietary ATM that is serviced daily. When and how much of that money will be available under Reg. CC's funds availability schedules? A. $225 on Tuesday and $275 the following Monday B. $500 within "a reasonable period of time" C. $500 the following Monday 4. If an account holder deposits a cashier's check in person into his own account on Monday, how soon will his funds be available under Reg. CC (assuming no other conditions must be satisfied)? A. Wednesday B. By the end of the day C. Tuesday Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started