Quiz 22: Banking System,E-Money,and Financial Reform
Article 3 of the Uniform Commercial Code establishes the rules and principles that regulate bank deposit and collection procedures for checking accounts offered by commercial banks.
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A check is a note in which the drawee is a bank.
Article 4 of the Uniform Commercial Code establishes the requirements for negotiable instruments.
Article 4A of the Uniform Commercial Code establishes rules that regulate the creation and collection of and liability for wire transfers.
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