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The Check 21 Act, effective in October 2004, does which of the following? Multiple Choice O O Allows bank customers to better take advantage of

The Check 21 Act, effective in October 2004, does which of the following? Multiple Choice O O Allows bank customers to better take advantage of bank float O Prohibits the Fed from being involved in check clearing to prevent unfair competition with private check clearing agencies O Requires banks to immediately clear all customer deposits Authorizes the use of an electronic image to facilitate paperless check clearing Eliminates all fees on checking

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