Banks in the Collection Process That Are Not the Depository

question 59

Multiple Choice

Banks in the collection process that are not the depository or payer bank are called ________ banks.

• A) mediator
• B) intermediary
• C) secondary
• D) tertiary
• E) default

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Definitions:

Television Shows

Programs broadcasted on TV designed for entertainment, education, or informational purposes.

High-Involvement Consumer Products

Products that require significant thought and research from consumers before purchase due to their complexity, cost, or personal importance.

Advertising Medium

A channel or tool used by companies to communicate promotional messages to target audiences, including digital, print, broadcast, and outdoor media.

Magazines

Periodical publications containing a variety of articles, stories, and advertisements, typically printed on glossy paper and aimed at a specific interest group.