Daylight overdrafts occur when
A) FIs in different time zones clear transactions.
B) FI debits exceed credits during the day.
C) FI credits exceed debits during the day.
D) the sum of all debits transmitted over the system exceed the sum of all credits during the day.
Correct Answer:
Verified
Q82: Which of the following is consistent with
Q83: Settlement risk is important because
A)of the interdependent
Q84: Which of the following statements is NOT
Q85: Which is the most important banking area
Q86: Consider the following two FIs: Company A
Q88: Which of the following observations is NOT
Q90: Which of the following is NOT a
Q91: Technological advances and the ability to access
Q92: Which of the following observations concerning e-money
Q92: On Fedwire,daylight overdraft
A)is a bank's positive intraday
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents