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Bank XYZ has a published ledger cutoff time of 3:00 p.m. Company ABC deposits a check drawn on a St. Louis bank on Tuesday at 2:00 p.m. Based on the availability schedule above, on which of the following days will Company ABC receive availability of the funds?     Wednesday Tuesday Monday Thursday

Bank XYZ has a published ledger cutoff time of 3:00 p.m. Company ABC deposits a check drawn on a St. Louis bank on Tuesday at 2:00 p.m. Based on the availability schedule above, on which of the following days will Company ABC receive availability of the funds?     Wednesday Tuesday Monday Thursday

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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  • Bank XYZ has a published ledger cutoff time of 3:00 p.m. Company ABC deposits a check drawn on a St. Louis bank on Tuesday at 2:00 p.m. Based on the availability schedule above, on which of the following days will Company ABC receive availability of the funds?

 

 

  1. Wednesday
  2. Tuesday
  3. Monday
  4. Thursday
**Transit Routing Information:** - **Transit Routing:** 08xxxxxxx - **Endpoint Location:** St. Louis, MO - **Deposit Deadline:** 1 p.m. - **Availability:** 1 day This table provides information on routing details, including the transit routing number, location of the endpoint, the deadline for deposits, and the time frame for availability.
Transcribed Image Text:**Transit Routing Information:** - **Transit Routing:** 08xxxxxxx - **Endpoint Location:** St. Louis, MO - **Deposit Deadline:** 1 p.m. - **Availability:** 1 day This table provides information on routing details, including the transit routing number, location of the endpoint, the deadline for deposits, and the time frame for availability.
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