Final answer:
The Bank Secrecy Act (BSA) covers various monetary instruments such as currency, checks, bank drafts and money orders, electronic funds transfers (EFTs), and traveler's checks.
Step-by-step explanation:
The Bank Secrecy Act (BSA) covers various monetary instruments. These include:
- Currency: Physical money, such as bills and coins.
- Checks: Written orders to pay a specific amount of money from a bank account.
- Bank drafts and money orders: Payment instruments that are issued by a bank or financial institution.
- Electronic funds transfers (EFTs): Transactions that move funds between accounts electronically.
- Traveler's checks: Prepaid payment instruments that can be used as an alternative to cash when traveling.
These are some examples of monetary instruments that fall under the BSA regulations.