Which of the Following Is a Bank Receiving a Transferred

question 13

Multiple Choice

Which of the following is a bank receiving a transferred check during a collection process excluding the first bank and the last bank?

• A) Depositary.
• B) Acknowledging.
• C) Collecting.
• D) Intermediary.
• E) Transferring.

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Definitions:

Absolute Purchasing Power Parity

A theory that suggests that prices of goods and services should equalize across countries over time when measured in a common currency, due to exchange rate changes.

Silver

A precious metal used for currency, jewelry, and industrial applications.

Multinational Firm

A business entity that operates in multiple countries beyond its home country, engaging in international trade or investment.

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.