Which of the following is a bank,other than a payor bank,handling the check at any point from the time the check is deposited to the time it reaches the payor bank?

Question

Quizplus · Accepted Answer

A)Any kind of bank besides the payor bank)that handles the check during the
collection process is called a collecting bank.
B)Any kind of bank besides the payor bank)that handles the check during the collection process is called a collecting bank.
C)Any kind of bank besides the payor bank)that handles the check during the collection process is called a collecting bank.
D)Any kind of bank besides the payor bank)that handles the check during the collection process is called a collecting bank.
E)Any kind of bank besides the payor bank)that handles the check during the collection process is called a collecting bank.
Page Ref: 637
Topic: Accepting Deposits

Which of the Following Is a Bank,other Than a Payor