TriState Bank agrees to accept a check by setting aside sufficient funds to cover the amount.This check is considered
A) cashed.
B) certified.
C) deposited.
D) provisionally credited.

Question

TriState Bank agrees to accept a check by setting aside sufficient funds to cover the amount.This check is considered 
A) ​cashed. 
B) ​certified. 
C) ​deposited. 
D) ​provisionally credited.

Quizplus · Accepted Answer

When a bank agrees to accept a check by setting aside sufficient funds to cover the amount, it is called certifying the check. This means that the bank guarantees that the funds will be available when the check is presented for payment. Therefore, the correct answer is B, certified.

TriState Bank Agrees to Accept a Check by Setting Aside