Multiple Choice
Fact Pattern 27-2B
Thom draws a check,on his account in State Bank in New York,payable to Digital Computers,Inc. ,in San Francisco.Digital deposits the check in its ac?count at First National Bank.First National deposits the check in the Federal Reserve Bank of San Francisco,which transfers it to the Federal Reserve Bank of New York.That Federal Reserve Bank sends the check to State Bank.
-Refer to Fact Pattern 27-2B.Digital's bank is
A) the cashing bank.
B) the depositary bank.
C) the intermediary bank.
D) the payor bank.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Ian buys a cell phone in Jiffy
Q31: Fact Pattern 27-1B <br>Echo takes her car
Q32: Under Check 21,the maximum time that a
Q33: Tiny authorizes United Bank to make transfers
Q34: A bank that has certified a check
Q36: Gaining unauthorized access to an electronic fund
Q37: The incompetence of a customer immediately revokes
Q38: Daisy writes a check to Elvita on
Q39: Sullivan signs a check "pay to the
Q40: Steve steals one of Tricia's checks and