A Reserve Bank may present a noncash item for payment if instructed to do so by the sender and if the:
Answer(s): A,B,D
A must settle for an item with its administrative bank, whether or not it received the item from that bank. Settlement with its administrative bank is deemed to be settlement with the Reserve Bank that sent the item.
Answer(s): A
Post your Comments and Discuss Banking CRCM exam prep with other Community members:
Our website is free, but we have to fight against AI bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CRCM content, but please register or login to continue.