In Receiver's agreement-12 CFR 210.28 it is clearly mentioned that:
A) Receiving bank authorizes the Reserve Bank to credit the receiving bank's account
B) An off-line bank warrants to the Reserve Bank that it does not act as an intermediary bank or a beneficiary's bank for payment orders received for a beneficiary that is a bank, unless the off-line bank notifies the Reserve Bank in writing
C) A Reserve Bank has rights of a creditor to recover an overdraft, including the right of set off
D) Reserve Banks, when acting as beneficiary's bank, payment order that identifies the beneficiary
Correct Answer:
Verified
Q183: Which of the following is/are included in
Q184: There is no error in an error
Q185: In Sender's agreement-12 CFR 210.28 it is
Q186: Initial disclosure under Electronic funds transfer act
Q187: It is not required for accounts where
Q189: Transfers involving entries to accounts maintained at
Q190: If the returned check is an electronic
Q191: The following mentioned points are actually _.
Q192: An error in EFT includes any of
Q193: Which of the following primary purpose/s were
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents