Clearing Cycle

Descripción

The objective of this exam is to measure your understanding on the check/clearing cycle.
monicalao
Test por monicalao, actualizado hace más de 1 año
monicalao
Creado por monicalao hace casi 9 años
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Resumen del Recurso

Pregunta 1

Pregunta
Out of town checks becomes clear after 5 days.
Respuesta
  • True
  • False

Pregunta 2

Pregunta
BRSTN is located at the:
Respuesta
  • lower right of the check
  • lower left of the check
  • upper right of the check
  • upper left of the check

Pregunta 3

Pregunta
Who is the drawer of the check?
Respuesta
  • Michael dela Cruz
  • Filtrepreneur Franchise Inc

Pregunta 4

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

Pregunta 5

Pregunta
Drawee bank has to inform the drawer for any returned check
Respuesta
  • True
  • False

Pregunta 6

Pregunta
Presenting bank has to inform the depositor for any returned check.
Respuesta
  • True
  • False

Pregunta 7

Pregunta
How many times can we deposit a check?
Respuesta
  • one
  • three
  • four
  • two

Pregunta 8

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

Pregunta 9

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

Pregunta 10

Pregunta
Can Veronica encash the check?
Respuesta
  • True
  • False

Pregunta 11

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

Pregunta 12

Pregunta
What is the account number?
Respuesta
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Pregunta 13

Pregunta
What is the check number?
Respuesta
  • 0000309381
  • 010041897
  • 3763010529
  • 112

Pregunta 14

Pregunta
BPI is the presenting bank
Respuesta
  • True
  • False

Pregunta 15

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

Pregunta 16

Pregunta
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.
Respuesta
  • 3,575
  • 715,000
  • 4,575
  • 716,000
  • 3,592
  • 718,400
  • 718,600
  • 719,400
  • 719,600
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