AFP
CTP · Question #401
(Topic 5) The role of the depository bank in the check-clearing process is typically which of the following?
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Question
- (Topic 5)
The role of the depository bank in the check-clearing process is typically which of the following?
Options
- ATo inspect the check for proper signature
- BTo encode the check amount on the MICR line
- CTo place a hold on the check until cleared
- DTo ensure that the check is not stale-dated
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