Daylight overdrafts occur: When a bank’s Federal Reserve account is positive dur

Question

Daylight overdrafts occur:

When a bank’s Federal Reserve account is positive during the day

When a bank’s Federal Reserve account is negative during the day

Mainly because of international funds transfers of government securities transactions

‘a’ and ‘c’

‘b’ and ‘c’

When a bank’s Federal Reserve account is positive during the day

When a bank’s Federal Reserve account is negative during the day

Mainly because of international funds transfers of government securities transactions

‘a’ and ‘c’

‘b’ and ‘c’

Explanation / Answer

solution :

Daylight overdrafts occur: When a bank’s Federal Reserve account is negative during the day.

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.