Regarding the Bank Collection Process,for an "On Them" Item,the Drawee

question 34

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.

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Definitions:

Impulse Controls

The ability to resist or delay an impulse, drive, or temptation to act and involves self-regulation skills.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Unconditioned Response

A natural, automatic, and innate reaction to a stimulus that occurs without prior learning or conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.