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
Correct Answer:
Verified
Q19: The Clearinghouse Corporation is formed by correspondent
Q20: Section 4-103(1) permits the bank to vary
Q21: Tom writes a check to Marty, both
Q22: _ Banks are banks that have formed
Q23: According to the Electronic Fund Transfer Act
Q25: On June 1, Ralph wrote a check
Q26: Darcy's checking account is insufficient to pay
Q27: Electronic funds transfers do not eliminate the
Q28: Section 4-213(1) spells out that it will
Q29: An office where banks exchange checks and
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