The Reserve Bank may recover by charging any account on its books maintained by the sender if:
A) The Reserve Bank makes written demand to sender to assume defense of the proceeding
B) Any action by the Reserve Bank within is the scope of its authority in handling the item
C) The sender has not made any other payment arrangement acceptable to the Reserve Bank
D) There is any warranty made by the Reserve Bank
Correct Answer:
Verified
Q171: It is an instrument or promise or
Q172: Cash items' payment proceeds must be available
Q173: By presentation or transmission of an item
Q174: The liability of paying and returning banks
Q175: Reserve Banks must issue operating circulars, which,
Q177: The Reserve Bank may recover from the
Q178: Any of the following foreign correspondents for
Q179: Time to bring action against a Reserve
Q180: While Presenting items for payment:
A) A Reserve
Q181: Implemented by _, EFTA is intended to
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