Which of the Following Banks Are the Same Bank Regarding

question 12

Multiple Choice

Which of the following banks are the same bank regarding an "on us" item?

• A) the depository and the payer
• B) the payee and intermediary
• C) the collecting and intermediary
• D) the payee and depository
• E) the payee and collecting

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Definitions:

Iron Ore

Naturally occurring rocks and minerals from which metallic iron can be economically extracted, commonly found as hematite and magnetite.

Sand, Gravel

Natural aggregate materials consisting of fine particles (sand) and coarse particles (gravel), used in construction and as soil components.

Cement

A binder, a substance used in construction that sets, hardens, and adheres to other materials, binding them together, typically made from limestone and clay.

Rocky Mountain Area

A major mountain range in western North America, extending from northern Canada to New Mexico.