A payment order for a wholesale funds transfer must:
a. be communicated in writing.
b. contain no condition to payment other than the time of payment.
c. be transmitted by the sender directly to the receiving bank.
d. All of these.
b
You might also like to view...
The first question in a questionnaire should be intentionally difficult and complicated in order to weed out uninterested respondents
Indicate whether the statement is true or false
According to U.S. GAAP, firms holding debt and equity securities for short-term profit potential
a. report the investments on the balance sheet at market value. b. initially record the investments at acquisition cost. c. report unrealized holding gains and losses on the investments in the income statement. d. all of the above. e. none of the above.
When price changes make performance of a contract costly, compliance with the terms may most certainly be obtained through
A. the adversely affected party’s sense of duty. B. both parties’ good faith. C. the principles of contract law. D. the innocent party’s sense of rightness.
Technologicaladvancesincomputerscienceandautomatedoperatingsystemshaveloweredthedemandforcertaintypesofemployees,whohavetraditionallybeenunionized.
Answer the following statement true (T) or false (F)