A ____________ must settle for an item with its administrative bank, whether or not it received the item from that bank.
Posted: Thu Jul 21, 2022 8:51 pm
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.
A. Paying bank
B. Clearing Agent
C. Regulation J
D. Regulation CC
A. Paying bank
B. Clearing Agent
C. Regulation J
D. Regulation CC