1|Page
AAP FINAL EXAM LATEST 2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
according to UCC 4A which of the following items may be altered
through an origination Agreement - ANSWER-originators
requirement to inform its ODFI of any errors in entries transmitted
within 90 days
an RDFI learns from the surviving spouse that one of its
customers receiving federal benefit payments is deceased. the
RDFI must - ANSWER-return all post death benefit payments
which of the following requires funds to be made available no later
than the business day following receipt of the funds - ANSWER-
Regulation CC
federal agencies must initiate a notice of reclamation within -
ANSWER-120 calendar days after having actual or constructive
knowledge of death
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which federal government program is a method by which Treasury
marketable securities,Bill's, notes, and bonds are maintained in
book-form - ANSWER-treasury direct
which of the following establishes reserve requirements for
depository financial institutions - ANSWER-regulation D
unlike the NACHA Operating rules the federal government does
not require written authorization for which SEC code - ANSWER-
POP
which sec code adopted the bank secrecy act's travel rule -
ANSWER-IAT
which regulatory body requires the RDFI to perform a review of all
parties to an IAT entry including remittance and foreign
correspondent bank information found in the addends - ANSWER-
OFAC
, 3|Page
a process used by the Bureau of the Fiscsl Services ( formerly
FMS) to research non receipt of SSA SSI and va benefits
payments - ANSWER-tele-trace
regulation governs the processing of checks transactions -
ANSWER-regulation J
first bank is creating XCK entries due to a lost cash letter
according to the ACH rules first bank needs to keep a copy of the
items to which each XCK entry relates for - ANSWER-6 years
A U.S.-domiciled money transmitter receives a payment order
from a foreign customer at one of its foreign branch offices to
send funds to a Receiver in the U.S. The money transmitter
makes a book entry to record the transaction on the books of its
offices in both countries and creates an ACH entry to send the
funds to the Receiver at his bank in the U.S. What type of ACH
transaction would be originated by the money transmitter? -
ANSWER-The resulting ACH credit to the U.S. Receiver would be
an IAT
AAP FINAL EXAM LATEST 2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
according to UCC 4A which of the following items may be altered
through an origination Agreement - ANSWER-originators
requirement to inform its ODFI of any errors in entries transmitted
within 90 days
an RDFI learns from the surviving spouse that one of its
customers receiving federal benefit payments is deceased. the
RDFI must - ANSWER-return all post death benefit payments
which of the following requires funds to be made available no later
than the business day following receipt of the funds - ANSWER-
Regulation CC
federal agencies must initiate a notice of reclamation within -
ANSWER-120 calendar days after having actual or constructive
knowledge of death
,2|Page
which federal government program is a method by which Treasury
marketable securities,Bill's, notes, and bonds are maintained in
book-form - ANSWER-treasury direct
which of the following establishes reserve requirements for
depository financial institutions - ANSWER-regulation D
unlike the NACHA Operating rules the federal government does
not require written authorization for which SEC code - ANSWER-
POP
which sec code adopted the bank secrecy act's travel rule -
ANSWER-IAT
which regulatory body requires the RDFI to perform a review of all
parties to an IAT entry including remittance and foreign
correspondent bank information found in the addends - ANSWER-
OFAC
, 3|Page
a process used by the Bureau of the Fiscsl Services ( formerly
FMS) to research non receipt of SSA SSI and va benefits
payments - ANSWER-tele-trace
regulation governs the processing of checks transactions -
ANSWER-regulation J
first bank is creating XCK entries due to a lost cash letter
according to the ACH rules first bank needs to keep a copy of the
items to which each XCK entry relates for - ANSWER-6 years
A U.S.-domiciled money transmitter receives a payment order
from a foreign customer at one of its foreign branch offices to
send funds to a Receiver in the U.S. The money transmitter
makes a book entry to record the transaction on the books of its
offices in both countries and creates an ACH entry to send the
funds to the Receiver at his bank in the U.S. What type of ACH
transaction would be originated by the money transmitter? -
ANSWER-The resulting ACH credit to the U.S. Receiver would be
an IAT
