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You are the chief executive officer of Money Games Inc.(MGI), which has begun to market Borrow & Spend, a video game set in the world of finance. To buy ads, MGI borrows $50,000 from First Savings Bank. On MGI's behalf, you sign a note for the loan and offer its accounts receivable as collateral. You sign a security agreement that describes the collateral. The bank does not file a financing statement.

Has the banks security interest attached? 
If so, when? 

These individual works should each include the following:

• An in-depth submission that should be free of spelling and grammar errors.
• An essay containing a minimum of 200 words.
• You will be assessed on the rationale you use in addressing the questions/issue posted, and how well you justify your argument regarding this issue.
• Your response must be thought provoking, have well developed ideas and/or opinions, and should reference any supporting material from the text, lecture or other sources you have used to complete the assignment.

You may use your text or the internet as a reference, but remember to cite your sources according to APA guidelines.