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Question
The Check 21 Act effective in October 2004 does which of the following?
A. Allows bank customers to better take advantage of bank float
B. Requires banks to immediately clear all customer deposits
C. Prohibits the Fed from being involved in check clearing to prevent unfair competition with private check clearing agencies
D. Authorizes the use of an electronic image to facilitate paperless check clearing
E. Eliminates all fees on checking
Answer
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Related questions
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A. I only
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A macro hedge is a hedge of a particular asset or liability exposure to a change in a macroeconomic variable.
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c) Loan commitments to total assets
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Explain how liquidity risk can lead to insolvency risk.
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In the absence of deposit insurance, a deposit is a _______________ to the bank's assets.A. pro rata claimB. first come/first serve claimC. full pay or no pay claimD. both A and BE. both B and C
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B. Class B
C. Class C
D. Class Z
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