AFP

CTP · Question #784

(Topic 8) The MICR encoding on a check provides all of the following information EXCEPT:

The correct answer is C. the payee bank's institutional identification number. See the full explanation below for the reasoning.

Question

(Topic 8)

The MICR encoding on a check provides all of the following information EXCEPT:

Options

Athe Fed district of the drawee bank.
Bthe payor's bank account number.
Cthe payee bank's institutional identification number.
Dthe dollar amount of the check.

How the community answered

(35 responses)

A
3% (1)
B
6% (2)
C
83% (29)
D
9% (3)

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