Which of the Following Is True of a Collecting Bank

question 14

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 agency relationship between a collecting bank and the owner of an item, once settled, changes to a debtor-creditor relationship.
• C)A collecting bank may be a sub-agent of the owner until settlement becomes final.
• D)All of the above.
• E)None of the above.

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Definitions:

Reinforcement

in behavioral psychology, refers to any stimulus that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.

Token Economy

A form of behavior modification that involves the use of tokens or symbols to reinforce desired behaviors, which can later be exchanged for various rewards.

Modeling

A psychological concept where individuals learn behaviors, attitudes, and emotional reactions through observing others.

Maladaptive Behavior

Actions or tendencies that inhibit an individual’s ability to adjust to particular situations, often counterproductive to their well-being.