Clearing Cycle

Descrição

The objective of this exam is to measure your understanding on the check/clearing cycle.
monicalao
Quiz por monicalao, atualizado more than 1 year ago
monicalao
Criado por monicalao mais de 10 anos atrás
26
0

Resumo de Recurso

Questão 1

Questão
Out of town checks becomes clear after 5 days.
Responda
  • True
  • False

Questão 2

Questão
BRSTN is located at the:
Responda
  • lower right of the check
  • lower left of the check
  • upper right of the check
  • upper left of the check

Questão 3

Questão
Who is the drawer of the check?
Responda
  • Michael dela Cruz
  • Filtrepreneur Franchise Inc

Questão 4

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

Questão 5

Questão
Drawee bank has to inform the drawer for any returned check
Responda
  • True
  • False

Questão 6

Questão
Presenting bank has to inform the depositor for any returned check.
Responda
  • True
  • False

Questão 7

Questão
How many times can we deposit a check?
Responda
  • one
  • three
  • four
  • two

Questão 8

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

Questão 9

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

Questão 10

Questão
Can Veronica encash the check?
Responda
  • True
  • False

Questão 11

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

Questão 12

Questão
What is the account number?
Responda
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Questão 13

Questão
What is the check number?
Responda
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Questão 14

Questão
BPI is the presenting bank
Responda
  • True
  • False

Questão 15

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

Questão 16

Questão
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.
Responda
  • 3,575
  • 715,000
  • 4,575
  • 716,000
  • 3,592
  • 718,400
  • 718,600
  • 719,400
  • 719,600

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