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It Is an Instrument or Promise or Order to Pay

Question 171

Multiple Choice

It is an instrument or promise or order to pay money (whether negotiable or non negotiable) sent by a sender and payable in a Federal Reserve District or sent to and collectible in funds acceptable to a Reserve Bank. An electronic image of this document together with electronic information describing that item in an approved format will be considered a valid instrument.


A) Item
B) Debt collection form
C) Validation form
D) Correspondent check

Correct Answer:

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