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In Receiver's Agreement-12 CFR 210

Question 188

Multiple Choice

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

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