Chapter 23 Self-test Questions

Chapter 23 Self-test Questions

Legal aspects of money and payment

Quiz Content

not completed
. Which of the following statements are correct? Please select all that apply.

not completed
. Which of the following statements is correct?

not completed
. Which of the following statements is incorrect?

not completed
. CHAPS stands for ___ House Automated Payment System.

not completed
. Which of the following statements are incorrect? Please select all that apply.

not completed
. Is the following statement true or false? 'CHAPS is designed for low value high volume transactions.'

not completed
. Once the ___ acknowledgement message has been sent in the CHAPS system, the payee's bank must give same day value except in limited circumstances set out in the CHAPS rules.

not completed
. A payment is made to a payee through a funds transfer when...

not completed
. Where banks have accounts with one another they are said to be '___ banks'.

not completed
. Which of the following statements is correct? P

Back to top