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Free CRCM Exam Braindumps
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 173–174 (page: 105)

Updated On: 9-Feb-2026
Page 105 of 276
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



__________ 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



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