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Free CRCM Exam Braindumps (page: 129)

Page 129 of 344
PDF with 463 Questions

The Reserve Bank may recover by charging any account on its books maintained by the sender if:

  1. The Reserve Bank makes written demand to sender to assume defense of the proceeding
  2. Any action by the Reserve Bank within is the scope of its authority in handling the item
  3. The sender has not made any other payment arrangement acceptable to the Reserve Bank
  4. There is any warranty made by the Reserve Bank

Answer(s): A,C



The Reserve Bank may recover by charging any account on its books maintained by the sender if:

  1. The Reserve Bank makes written demand to sender to assume defense of the proceeding
  2. Any action by the Reserve Bank within is the scope of its authority in handling the item
  3. The sender has not made any other payment arrangement acceptable to the Reserve Bank
  4. There is any warranty made by the Reserve Bank

Answer(s): A,C



The Reserve Bank may recover by charging any account on its books maintained by the sender if:

  1. The Reserve Bank makes written demand to sender to assume defense of the proceeding
  2. Any action by the Reserve Bank within is the scope of its authority in handling the item
  3. The sender has not made any other payment arrangement acceptable to the Reserve Bank
  4. There is any warranty made by the Reserve Bank

Answer(s): A,C



__________ is an agent or a subagent of the owner of an item; agency terminates when it receives payment for an item in finally collected funds and makes the proceeds available to the sender, and the time for commencing all actions against it has expired.

  1. Clearing agent
  2. The Reserve Bank
  3. Foreign bank
  4. Foreign banker

Answer(s): B



Page 129 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
upvote