Lori Writes a Check to Arturo on Citizens Second Bank

question 27

Multiple Choice

Lori writes a check to Arturo on Citizens Second Bank.Arturo deposits the check in his account at Commerce National Bank.In this case:

• A)Citizens Second Bank is the depositary bank.
• B)Commerce National Bank is the depositary bank.
• C)Citizens Second Bank is an intermediary bank because it handles the check before it is paid.
• D)Commerce National Bank is the payor bank if Arturo receives any cash back on the check.

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