An Electronic Image of an Item Together with Electronic Information

question 96

Multiple Choice

An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:

• A) Checks: Drafts drawn on a bank and payable on demand
• B) Pay checks
• C) Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
• D) Noncash items: Items that a Reserve Bank classifies as requiring special handling

---

Definitions:

Supposing That

An expression used to introduce a hypothesis or an assumption for the sake of argument or analysis.

Unless

A conjunction used to indicate that a particular situation would occur only if there's an exception or condition not met.

Just In Case

A phrase used to describe a precautionary action taken to prepare for a possible future event or circumstance.

Conditional

A logical statement that has an if-then structure, implying that if one condition is met, then another condition follows.