The Two Terms Used to Describe the Various Banks That

question 10

Multiple Choice

The two terms used to describe the various banks that may handle the check after its written are collecting banks and _____ banks.

• A) correspondent
• B) intermediary
• C) payor
• D) depository
• E) clearinghouse corporation

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Definitions:

Volcanic Eruptions

Explosive events where magma, ash, and gases are expelled from a volcano.

Materials

Substances or components with specific physical and chemical properties, used in the construction or manufacturing of objects.

Continental Drift

The concept of the movement of continents and other landmasses across the surface of the Earth.

Oceanic Crust

The relatively thin part of the Earth's crust that underlies the ocean basins, composed mainly of basaltic rock.