Clearing Cycle

Beschreibung

The objective of this exam is to measure your understanding on the check/clearing cycle.
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Zusammenfassung der Ressource

Frage 1

Frage
Out of town checks becomes clear after 5 days.
Antworten
  • True
  • False

Frage 2

Frage
BRSTN is located at the:
Antworten
  • lower right of the check
  • lower left of the check
  • upper right of the check
  • upper left of the check

Frage 3

Frage
Who is the drawer of the check?
Antworten
  • Michael dela Cruz
  • Filtrepreneur Franchise Inc

Frage 4

Frage
I deposited the BPI check I issued amounting to P400,000 to his EWB account. Who is the presenting bank?
Antworten
  • BPI
  • EWB

Frage 5

Frage
Drawee bank has to inform the drawer for any returned check
Antworten
  • True
  • False

Frage 6

Frage
Presenting bank has to inform the depositor for any returned check.
Antworten
  • True
  • False

Frage 7

Frage
How many times can we deposit a check?
Antworten
  • one
  • three
  • four
  • two

Frage 8

Frage
How many months does it take for a check to be considered as stale?
Antworten
  • eight months
  • six months
  • three months

Frage 9

Frage
When can I deposit the check? (Select all applicable answers)
Antworten
  • September 25, 2012
  • September 24, 2012
  • October 1, 2013
  • January 1, 2013
  • December 28, 2012
  • March 1, 2012

Frage 10

Frage
Can Veronica encash the check?
Antworten
  • True
  • False

Frage 11

Frage
Who is the drawee?
Antworten
  • BPI
  • Philcomsat Holdings Corporation
  • Luis K. Lokin, Jr.
  • Veronica Nepomuceno

Frage 12

Frage
What is the account number?
Antworten
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Frage 13

Frage
What is the check number?
Antworten
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Frage 14

Frage
BPI is the presenting bank
Antworten
  • True
  • False

Frage 15

Frage
Banks can still forward physical checks to PCHC even if it's already 5:45pm, at a cost of P10,000.
Antworten
  • True
  • False

Frage 16

Frage
I issued a check amounting to P143,685,000.00 yesterday. My available balance as of yesterday was only P143,000,000.00. Compute for the RCOCI charges.
Antworten
  • 3,575
  • 715,000
  • 4,575
  • 716,000
  • 3,592
  • 718,400
  • 718,600
  • 719,400
  • 719,600
Zusammenfassung anzeigen Zusammenfassung ausblenden

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