Multiple Choice
Regarding the bank collection process,for an "on them" item,the drawee is also the:
A) collecting bank.
B) clearing house bank.
C) intermediary bank.
D) payer bank.
E) Federal Reserve bank.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q29: The drawer's failure to report a forged
Q30: The drawee is the customer who maintains
Q31: Drawers sometimes write checks that omit certain
Q32: The Federal Currency Reporting Law requires financial
Q33: Drawers sometimes write checks that omit certain
Q35: When a customer opens a checking account
Q36: Assume a drawer gives an incomplete check
Q37: Certified checks never become stale.
Q38: If a bank does not honor a
Q39: Banks are liable for any damages caused