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CTP · Question #929

CTP Question #929: Real Exam Question with Answer & Explanation

The correct answer is A. reverse positive pay.. See the full explanation below for the reasoning.

Question

  • (Topic 9) Transmission of a file of items presented for payment by the payor bank to the issuing company is known as:

Options

  • Areverse positive pay.
  • Bpositive pay.
  • Cfull reconciliation.
  • Dpayor bank services.

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