Cash items' payment proceeds must be available to the Reserve Bank by the latest of:
A) The next clock hour that is after the hour the paying bank receives the item
B) 9:30 A.M. Eastern time
C) Such other time as provided in the Reserve Bank's operating circulars
D) Both A and B
Correct Answer:
Verified
Q167: _ is an agent or a subagent
Q168: An electronic image of an item together
Q169: A sender and any prior collecting banks
Q170: By sending an item to a Reserve
Q171: It is an instrument or promise or
Q173: By presentation or transmission of an item
Q174: The liability of paying and returning banks
Q175: Reserve Banks must issue operating circulars, which,
Q176: The Reserve Bank may recover by charging
Q177: The Reserve Bank may recover from the
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