Answered step by step
Verified Expert Solution
Link Copied!

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
image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Edp Objective Questions And Explanations

Authors: Irvin N. Gleim, William A. Hillison

5th Edition

0917537521, 978-0917537523

More Books

Students also viewed these Accounting questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago