"Presenting Items for Payment"

"Certified Regulatory Compliance Manager: Presenting Items for Payment"

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Question

While Presenting items for payment:

Answers

A. A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment

B. A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment

C. A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement

D. Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable

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Explanations

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A. B. C. D.

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