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Please respond to the following scenario in three - four substantive paragraphs. DESCRIBE HOW A CHECK DRAWN ON A COMMERCIAL BANK IN NEW YORK CITY

Please respond to the following scenario in three - four substantive paragraphs.

DESCRIBE HOW A CHECK DRAWN ON A COMMERCIAL BANK IN NEW YORK CITY BUT DEPOSITED FOR COLLECTION IN ANOTHER BANK IN A DISTANT CITY SUCH AS SAN FRANCISCO MIGHT BE CLEARED THROUGH THE FACILITIES OF THE FEDERAL RESERVE SYSTEM.

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