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Free CRCM Exam Braindumps (page: 130)

Page 130 of 344
PDF with 463 Questions

__________ 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



__________ 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



By presentation or transmission of an item a Reserve Bank warrants to a subsequent collecting bank and paying bank that:

  1. The Reserve Bank has good title to the item
  2. The item has not been altered
  3. The item bears all endorsements applied by parties that have previously handled the item in paper or electronic form
  4. All of these

Answer(s): D



By presentation or transmission of an item a Reserve Bank warrants to a subsequent collecting bank and paying bank that:

  1. The Reserve Bank has good title to the item
  2. The item has not been altered
  3. The item bears all endorsements applied by parties that have previously handled the item in paper or electronic form
  4. All of these

Answer(s): D



Page 130 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
upvote

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
upvote

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