APRP 2019 Exam Review Sample Test Revised Updated 2024 Complete Solution.

APRP 2019 Exam Review Sample Test Revised Updated 2024 Complete Solution. A check is not considered a negotiable instrument under Regulation CC if it... - correct answer Is not printed with MICR Ink FedWire Funds are final and irrevocable upon completion of processing by the... - correct answer Federal Reserve Banks A security procedure is not considered commercially reasonable for a wire transfer if... - correct answer The security procedure is only compared to a signature Real-time Payments (RTP) allows a financial institution to limit its exposure risk by... - correct answer Utilizing prefunding The duration of exposure risk for a financial institution when originating ACH debit entries is - correct answer the period from when entries are released to the ACH Operator, through the time entries can no longer be returned by the RDFI Establishes net debit caps on the amount of Reserve Bank daylight credit that a depository institution may use during a single day or over a 2 week reserve maintenance period. - correct answer Payment System Risk Policy Requires a paying bank return a check such that it is received by the BOFD by 2:00pm local time on the 2nd business day following the date of presentment? - correct answer Reg CC expeditious return Enterprise Risk Management is (COSO) - correct answer The culture, capabilities, and practices that organizations integrate within their strategy to manage risk and preserve and realize value an effective BSA/AML/OFAC compliance program consists of... - correct answer Board approved written policies, procedures and processes to prevent money laundering and terrorist financing