A Collecting Bank Is One _____

A collecting bank is one _____.

A) that collects the amount of a check for its customers from the payor bank
B) into which a check is deposited by its payee
C) that handles checks, but not including payor and depository banks
D) upon which a check is drawn; the drawee
E) where banks exchange checks and drafts and settle accounts, owned by the member banks participating