Which of the following is not a purpose of the Check 21 Act?

a. Avoid truncation of checks.

b. Encourage innovation in the check cashing system.

c. Improve the overall efficiency of the payment system.

d. All of the above are Check 21 purposes.

Contrary to regulators, banks generally prefer lower capital requirements, because

a. they minimize the impact that shareholders have on management decisions.

b. they maximize operating leverage.

c. they increase a bank's return on equity (ROE).

d. increase depositor protection.

e. they increase the influence of banking regulators.