A check is said to have cleared the bank when:
A. it is returned NSF.
B. it bounces.
C. the bank withdraws the amount of the check from the check writer’s account.
D. it is presented to a financial institution for deposit or cash.
Answer:C
A check is said to have cleared the bank when:
A. it is returned NSF. B. it bounces. C. the bank withdraws the amount of the check from the check writer’s account. D. it is presented to a financial institution for deposit or cash.