Patricia bounces her check because of insufficient funds. Besides covering the amount of the check, Patricia will likely have to: aFile a report with the Federal Deposit Insurance Corporation bFile a police report cPay a fee to her bank dOpen a savings account

If the bank makes an error by depositing your check into another depositor's account, then you should ______ and contact the bank

Read the statement below and choose the best response.A customer is very upset because the check she deposited last week has still not been credited to her account. A bank error caused the delay."Are you trying to rob me, huh? Why hasn't my check cleared yet? I know that's a good check, and I need the money NOW! I need to buy my daughter's medicines!"ANo, I assure you we're not.BWe're terribly sorry for the inconvenience. Rest assured your money will be available within the day.CI understand how frustrating this is. We promise this won't happen again.DThe money will be available today.

A check that you have written has cleared the bank when ______.Multiple choice question.the bank notifies you that you have insufficient funds to cover the check (NSF)the supplier to whom you gave the check deposits it in his bank accountthe supplier to whom you gave the check records the payment receivedfunds have been withdrawn from your bank account to cover the check

. Elmer can write checks on his account at Finance Bank. Gina steals the checks, forges Elmer's signature, and cashes the cheques at Finance. The bank is excused from any liability if, after receipt of the first forged cheque, Elmer fails to report the forgeries within a. five business days. b. fourteen consecutive days. c. one year. d. three years.

Using the T-accounts of the First National Bank and the Second National Bank given in this chapter, describe what happens when Jane Brown writes a check for $90 on her account at the First National Bank to pay her friend Joe Green, who in turn deposits the check in his account at the Second National Bank.