Question #3 of 15As an insurance agent and investment professional, Caroline is aware that all of the following are considered methods of payment that are more susceptible to money laundering EXCEPTO A) a money order.OB) a refund check from an insurance company.OC) checks drawn on the account of someone other than the owner or annuitant.Question ID: 1202643O D) a traveler's check.

Money Laundering means hiding the source of the money because the money would be generated from…

Answered: As an insurance agent and investment…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section5.3: Dishonored Checks And Electronic Banking

Problem 1OYO

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6 Ted owns Ted's Blankets. Ted asks you to explain how he should treat the following reconciling items when reconciling the company's bank account. The bank charged to our account a check written by another company. A debit memorandum for a bank service charge. Outstanding checks. A deposit in transit.
Can you answer all the questions please i would really appreciate it 52 Qato forges Rush’s name as the drawer of a stolen check, drawn on Scrutiny Bank, makes the item payable to Qato, and deposits it in his own Scrutiny account. In response to a call from the bank, Rush ratifies the signature. In this situation, Rush is liable to pay the amount to a. ordinary holders only. b. HDCs only. c. ordinary holders, HDCs, and holders through HDCs. d. no one. 54Textile Inc. sells goods to United Stores in exchange for a note signed by the buyer. Textile sells the note to Valley Finance Company. In this situation, transfer warranties arise because a. Valley has no knowledge of any bankruptcy proceedings against United. b. the note was transferred for consideration. c. Textiles did not alter the note. d. the signatures on the note were authentic and authorized 57It is assumed that a drawer or maker will recognize his or her own signature and that a maker or an acceptor will recognize whether…
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question 4 Which of the regulations and policies have been used to manage the 2008/2009 financial crisis? options a. Lender of last resort. b. Limit cash withdrawals from the bank account. c. Deposit insurance d. All of the above.
Peter uses a savings account with a bank. The contract between Peter and the bank is one of: D. Mutuum B. Commodatum C. Deposit A. Agency
28.Which of the following would NOT be classified as cash? a. Company's post-dated checks b. Customer's checks drawn against insufficient funds c. Manager's checks d. Traveler's checks
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2.In payment for a shipment of fittings, Retool LLC offers Supply Company a cashier’s check. A cashier’s check functions the same as cash because a. the bank on which the check is drawn is not the drawer. b. the party to whom the check is payable is the bank. c. the bank has committed itself to paying the stated amount on demand. d. a check is not a debt—it is only the evidence of a debt On behalf of Bubble Tea Company, Corey signs an instrument in which she promises to deliver 100 cases of tea as payment to Deli Inc. on April 1. This instrument is a. negotiable. b. nonnegotiable, because it does not indicate a specific brand of tea. c. nonnegotiable, because tea is not a medium of exchange authorized or adopted by a government as currency. d. nonnegotiable, because it does not recite any consideration. 5. Wen writes an instrument that states it is…
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PROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 2. Janard Lindio has the following deposit accounts in a closed bank: Janard Lindio and Clifford Agustin P600,000 Janard Lindio and Anthony Agarin P800,000 Janard Lindio and Patrick Reyes P900,000 What is the maximum deposit insurance coverage as far as Janard is concerned?

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