AFP
CTP · Question #684
(Topic 7) When a paper check is converted to an electronic form:
The correct answer is B. it falls under the rules of Regulation E. See the full explanation below for the reasoning.
Question
- (Topic 7)
When a paper check is converted to an electronic form:
Options
- Athe payment becomes irrevocable and unconditional.
- Bit falls under the rules of Regulation E.
- Cthe source document is always returned to the originator.
- Dit retains its status as a check.
How the community answered
(39 responses)- A10% (4)
- B79% (31)
- C8% (3)
- D3% (1)
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