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CTP · Question #553
CTP Question #553: Real Exam Question with Answer & Explanation
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Question
- (Topic 6) What is the correct sequence of the following disbursement float events, from first to last step? 1. Check clears back to drawee bank account. 2. Check is encoded and enters the clearing system. 3. Depositor receives ledger credit. 4. Lockbox bank receives check.
Options
- A3, 2, 1, 4
- B4, 2, 1, 3
- C4, 2, 3, 1
- D4, 3, 2, 1
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