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Free CRCM Exam Braindumps
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 163–164 (page: 99)

Updated On: 9-Feb-2026
Page 99 of 276
PDF with 463 Questions

An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:

  1. Checks: Drafts drawn on a bank and payable on demand
  2. Pay checks
  3. Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
  4. Noncash items: Items that a Reserve Bank classifies as requiring special handling

Answer(s): B



An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:

  1. Checks: Drafts drawn on a bank and payable on demand
  2. Pay checks
  3. Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
  4. Noncash items: Items that a Reserve Bank classifies as requiring special handling

Answer(s): B



An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:

  1. Checks: Drafts drawn on a bank and payable on demand
  2. Pay checks
  3. Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
  4. Noncash items: Items that a Reserve Bank classifies as requiring special handling

Answer(s): B



Reserve Banks must issue operating circulars, which, together with Regulation J, govern the details of handling items through the Reserve Bank, including

  1. Handling of government items and foreign instruments
  2. Handling of foreign instruments
  3. Handling of government items
  4. Handling of clearing instruments

Answer(s): A



Reserve Banks must issue operating circulars, which, together with Regulation J, govern the details of handling items through the Reserve Bank, including

  1. Handling of government items and foreign instruments
  2. Handling of foreign instruments
  3. Handling of government items
  4. Handling of clearing instruments

Answer(s): A



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