An Intermediary Bank Is the First Bank to Which an Item

question 37

True/False

An intermediary bank is the first bank to which an item is transferred in the course of collection.

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Definitions:

Common Heritage

Shared cultural, historical, or social traditions, values, or traits among a group of people.

Behave

To act in a manner that is considered appropriate or expected in a particular context or situation.

Straightforwardness

The quality of being direct, clear, and honest in communication without any ambiguity or evasion.

Evasiveness

The tendency to avoid direct answers or clarity, often to escape responsibility or hide the truth.