Multiple Choice
Orville sends Percy a certified check for $5,000.Percy deposits the check into his account at Quantum Bank.The next business day,the bank confirms a $5,000 increase in Percy's account.He then wires Orville $500 for "fees." Later,the bank discovers that the check is counterfeit.On these facts,the bank can deduct from Percy's account
A) $5,500.
B) $5,000.
C) $500.
D) 0.
Correct Answer:
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