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Exam CRCM topic 1 question 179 discussion

Actual exam question from ABA's CRCM
Question #: 179
Topic #: 1
[All CRCM Questions]

Cash items' payment proceeds must be available to the Reserve Bank by the latest of:

  • A. The next clock hour that is after the hour the paying bank receives the item
  • B. 9:30 A.M. Eastern time
  • C. Such other time as provided in the Reserve Bank's operating circulars
  • D. Both A and B
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Suggested Answer: ABC 🗳️
by Cam22 at March 16, 2024, 10:19 p.m.

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Dex24
6 months, 2 weeks ago
C, page 616.
upvoted 1 times
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Cam22
8 months, 3 weeks ago
Selected Answer: C
which answer is correct: Cash items' payment proceeds must be available to the Reserve Bank by the latest of: A. The next clock hour that is after the hour the paying bank receives the item B. 9:30 A.M. Eastern time C. Such other time as provided in the Reserve Bank's operating circulars D. Both A and B
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
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