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Exam CRCM topic 1 question 164 discussion

Actual exam question from ABA's CRCM
Question #: 164
Topic #: 1
[All CRCM Questions]

Reserve Banks must issue operating circulars, which, together with Regulation J, govern the details of handling items through the Reserve Bank, including

  • A. Handling of government items and foreign instruments
  • B. Handling of foreign instruments
  • C. Handling of government items
  • D. Handling of clearing instruments
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Suggested Answer: A 🗳️
by Cam22 at March 16, 2024, 9:39 p.m.

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Dex24
5 months ago
A, page 612 of the online book.
upvoted 1 times
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Cam22
7 months ago
Selected Answer: D
Reserve Banks issue operating circulars which, together with Regulation J, govern the details of handling items through the Reserve Bank, including the handling of clearing instruments. These operating circulars and regulations provide guidance and rules for banks and financial institutions regarding the processing and settlement of transactions, including checks and other clearing instruments.
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