When the depositary bank is the same bank as the payor bank,the check is referred to as a[n] ________.

Question

Quizplus · Accepted Answer

A)Sometimes the depositary bank is the same bank as the payor bank.When the
depositary bank is the same bank as the payor bank,the check is referred to as an "on-us item."
B)Sometimes the depositary bank is the same bank as the payor bank.When the depositary bank is the same bank as the payor bank,the check is referred to as an "on-us item."
C)Sometimes the depositary bank is the same bank as the payor bank.When the depositary bank is the same bank as the payor bank,the check is referred to as an "on-us item."
D)Sometimes the depositary bank is the same bank as the payor bank.When the depositary bank is the same bank as the payor bank,the check is referred to as an "on-us item."
E)Sometimes the depositary bank is the same bank as the payor bank.When the depositary bank is the same bank as the payor bank,the check is referred to as an "on-us item."
Page Ref: 636
Topic: Accepting Deposits

When the Depositary Bank Is the Same Bank as the Payor