Banks in the Collection Process That Are Not the Depository

question 30

Multiple Choice

Banks in the collection process that are not the depository or payer bank are called ________ banks.

• A) intermediary
• B) terminal
• C) collecting
• D) provisional

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Definitions:

Inside Trades

Transactions in a company's securities made by its officers, directors, or holders of more than 10% of the stock, typically subjected to strict regulatory scrutiny.

Public

Pertaining to or involving the affairs of the community as a whole, often relating to government or public companies accessible to all people.

Semistrong-Form Efficient

A market hypothesis stating that share prices incorporate all publicly available information, making it impossible to consistently achieve higher returns.

Weak-Form Efficient

A market hypothesis suggesting that all past prices of stock are reflected in the current price, hence historical data cannot be used to predict future prices.