1. The time required for a check to go from the maker to the payee is referred to as ______________. 2. The time needed for a check to clear is referred to as __________________. 3. A(n)...

1. The time required for a check to go from the maker to the payee is referred to as ______________.

2. The time needed for a check to clear is referred to as __________________.

3. A(n) __________________system is one in which a local bank picks up customer remissions from a post office box.

4. _______________ is a system of collection in which a local bank receives funds and transfers them to a main concentration bank account.