Intermediary banks that receive payment orders and then send new payment orders to the next bank in the fund transfer sequence are known as ________.
A)sending banks
B)receiving banks
C)middle banks
D)center banks

Question

Quizplus · Accepted Answer

Intermediary banks that receive payment orders and then send new payment orders to the next bank in the fund transfer sequence are known as "receiving banks."

Intermediary Banks That Receive Payment Orders and Then Send New