While Presenting Items for Payment

question 13

Multiple Choice

While Presenting items for payment:

• A) A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
• B) A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
• C) A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
• D) Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable

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A spreadsheet program developed by Microsoft, used for data organization, analysis, and storage.

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The systematic process of recording, analyzing, and reporting financial transactions of a business.

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