With an "On Us" Item,which Banks Are the Same

question 58

Multiple Choice

With an "on us" item,which banks are the same?

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

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Definitions:

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash payments or additional shares.

Geometric Average

A method of calculating the average rate of return that accounts for compounding by taking the nth root (where n is the count of numbers) of the product of the values.

Arithmetic Average

A simple mean calculated by adding a set of numbers and dividing the sum by the count of those numbers, used to determine central tendencies.

Arithmetic Average Return

The return earned in an average year over a multi-year period.