A bank involved in the check collection process may only be classified as one type of bank during the entire process.

Name: A bank involved in the check collection process may only be classified as one type of bank during the entire process.
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Question

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A bank involved in the check collection process can act as both the depository bank (the bank at which the check is first deposited) and the paying bank (the bank on which the check is drawn), depending on the transaction.

A Bank Involved in the Check Collection Process May Only