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Free CRCM Exam Braindumps (page: 124)

Page 124 of 344
PDF with 463 Questions

One of the check collection requirements is sending items to Reserve Banks. In this requirement:

  1. A sender other than a Reserve Bank may send any item to the Reserve Bank with which it maintains an account
  2. The following parties are deemed to have handled items, in this order:
    · The initial sender
    · The initial sender's administrative Reserve Bank · The Reserve Bank that receives the item from the initial sender · Any other Reserve Bank that receives the item from a Reserve Bank
  3. Reserve Banks must receive cash items and other items (checks) at par
  4. A foreign bank that maintains reserves under the International Banking Act of 1978

Answer(s): A,B,C



One of the check collection requirements is sending items to Reserve Banks. In this requirement:

  1. A sender other than a Reserve Bank may send any item to the Reserve Bank with which it maintains an account
  2. The following parties are deemed to have handled items, in this order:
    · The initial sender
    · The initial sender's administrative Reserve Bank · The Reserve Bank that receives the item from the initial sender · Any other Reserve Bank that receives the item from a Reserve Bank
  3. Reserve Banks must receive cash items and other items (checks) at par
  4. A foreign bank that maintains reserves under the International Banking Act of 1978

Answer(s): A,B,C



Any of the following foreign correspondents for which the Federal Reserve maintains an account EXCEPT:

  1. A foreign bank
  2. A foreign banker's Lessee
  3. A foreign state
  4. A foreign correspondent or agency

Answer(s): B



Any of the following foreign correspondents for which the Federal Reserve maintains an account EXCEPT:

  1. A foreign bank
  2. A foreign banker's Lessee
  3. A foreign state
  4. A foreign correspondent or agency

Answer(s): B



Page 124 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
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Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
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Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
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