2025 AAP PRACTICE EXAM QUESTIONS
WITH COMPLETE SOLUTIONS!!
1 of
128
Term
Financial institutions offering person to person payments are
required to use the standard entry class code of
Give this one a try later!
prefunding web debit
web credit ccd credit
, Don't know?
2 of 128
Term
according to UCC 4A which of the following items may be altered
through an origination Agreement
Give this one a try later!
originators requirement to
inform its ODFI of any errors in originators responsibility to process
entries transmitted within 90 entries within 24 hours
days
originators requirement to originators obligation to guarantee
audit ODFI transactions payment for all entries
annually
Don't know?
3 of 128
Term
Direct access is defined as:
Give this one a try later!
, An Originator that uses a payment gateway for ACH transactions
An Originator or a third party that transmits ACH files directly to an ACH
Operator using a financial institution's routing number and settlement
account.
A financial institution that transmits ACH files to a clearinghouse directly
A third party that processes ACH files through a third-party network
Don't know?
4 of 128
Term
which of the following federal government payments not subject to
reclamation
Give this one a try later!
Railroad retirement annuity Social security payment
IRS tax refund Treasury direct
Don't know?
, 5 of 128
Term
Which of the following would be a method by the RDFI to officially
notify a Federal Government
Agency of the death of a federal government benefit payment
recipient?
Give this one a try later!
By filing a notice with the By contacting the agency directly
Social Security Administration Via phone Call
By returning a post-
death benefit R14 or By sending a death certificate copy
R15
Don't know?
6 of 128
Term
Which of the following information is an RDFI required to provide
about a POP entry on a
consumer's statement?
Give this one a try later!
Terminal city Office of Foreign Assets Control
WITH COMPLETE SOLUTIONS!!
1 of
128
Term
Financial institutions offering person to person payments are
required to use the standard entry class code of
Give this one a try later!
prefunding web debit
web credit ccd credit
, Don't know?
2 of 128
Term
according to UCC 4A which of the following items may be altered
through an origination Agreement
Give this one a try later!
originators requirement to
inform its ODFI of any errors in originators responsibility to process
entries transmitted within 90 entries within 24 hours
days
originators requirement to originators obligation to guarantee
audit ODFI transactions payment for all entries
annually
Don't know?
3 of 128
Term
Direct access is defined as:
Give this one a try later!
, An Originator that uses a payment gateway for ACH transactions
An Originator or a third party that transmits ACH files directly to an ACH
Operator using a financial institution's routing number and settlement
account.
A financial institution that transmits ACH files to a clearinghouse directly
A third party that processes ACH files through a third-party network
Don't know?
4 of 128
Term
which of the following federal government payments not subject to
reclamation
Give this one a try later!
Railroad retirement annuity Social security payment
IRS tax refund Treasury direct
Don't know?
, 5 of 128
Term
Which of the following would be a method by the RDFI to officially
notify a Federal Government
Agency of the death of a federal government benefit payment
recipient?
Give this one a try later!
By filing a notice with the By contacting the agency directly
Social Security Administration Via phone Call
By returning a post-
death benefit R14 or By sending a death certificate copy
R15
Don't know?
6 of 128
Term
Which of the following information is an RDFI required to provide
about a POP entry on a
consumer's statement?
Give this one a try later!
Terminal city Office of Foreign Assets Control
