When Alex in Quince Orchard, MD, uses a check to buy a tractor from Steven in Austin, TX, different banks are involved in the transaction.

Four banks are invloved

Explanation:

The reason is that one bank is the one in which Alex has its account and the other bank bank is the bank in whihc Steven has account. Quince Orchard in one state and austin is in the other state, so central banks of each state will be involved in transferring the money from one bank account to the other bank accounts so the total number of banks involved are four.

four

Explanation:

The four different banks involved are:

there are 12 Federal Reserve Banks in the US, each serving a specific geographical area.

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answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;