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:

Ethical Understanding

The capacity to comprehend moral principles, differentiate between right and wrong, and make decisions based on ethical considerations.

Comprehensive Guidelines

Detailed and thorough instructions or principles designed to guide actions or standards in specific areas.

Longitudinal

A type of study or analysis that follows the same subjects over a period of time, observing changes or developments.

Cross-sectional

A research method that analyzes data collected from a diverse population at a single point in time.