Which of the Following Is True of a Collecting Bank

question 43

Multiple Choice

Which of the following is true of a collecting bank?

• A) A collecting bank is an agent of the owner of an item until settlement becomes final.
• B) The relationship between a collecting bank and the owner of an item, once settled, becomes a debtor-creditor relationship.
• C) A collecting bank may be a sub-agent of the owner until settlement becomes final.
• D) All of these are true.
• E) None of these are true.

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Definitions:

Lag Strategies

Compensation approaches where organizations pay below market rates due to financial constraints but aim to offer other benefits to attract and retain employees.

Labour-Intensive Firms

Companies that require a higher portion of labor input in their operations as compared to capital input, often leading to higher employment levels.

Employee Stability

The extent to which an organization retains its workforce, minimizing turnover and fostering a stable work environment.

Training And Development

Programs and activities aimed at improving the knowledge, skills, and competencies of employees to enhance their performance and career growth.