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A Payment Order

Question 42

Multiple Choice

A payment order:


A) is a sender's instruction to a receiving bank to pay,or to cause another bank to pay,a fixed or determinable amount of money to a beneficiary.
B) is issued when sent and,if more than one payment is to be made,the payments are condensed into one payment order.
C) must be communicated in writing or electronically.
D) must be expressed in both words and numbers in order to be valid.

Correct Answer:

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