IIA
IIA-CFSA · Question #360
"An incoming wire transfer with instruction to pay the beneficiary upon presentment of proper identification. The beneficiary usually does not maintain a checking or savings account with the paying…
The correct answer is C. PUPID. See the full explanation below for the reasoning.
Question
“An incoming wire transfer with instruction to pay the beneficiary upon presentment of proper identification. The beneficiary usually does not maintain a checking or savings account with the paying financial institution.” This definition refers to:
Options
- AReceiving Bank
- BRemitter
- CPUPID
- DRepetitive transfer
How the community answered
(18 responses)- B6% (1)
- C83% (15)
- D11% (2)
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