AAP FINAL EVALUATION Questions with Correct Answers (Grade
A+)
Question 1: Bankers Bank.
Answer: An institution owned by Depository Financial Institutions that typically provides correspondent
services, including check clearing & settlement services to it's owners and other banks.
Question 2: The number of characters in an Addenda Record.
Answer: 94 characters with 80 characters of payment-related information
Question 3: Name of the field that indicates the existence of an Addenda record
Answer: Addenda Record Indicator.
Question 4: Left Justified and space filled.
Answer: Format required for alphanumeric and alphabetic fields
Question 5: Format required for numeric fields.
Answer: Right justified, unsigned and zero filled
Question 6: Entry Hash.
Answer: The summation of routing numbers contained in a batch
Question 7: Message Authentication Code (MAC).
Answer: The algorithm that verifies the authenticity of an ACH file
Question 8: Originator Status Code.
Answer: The field that identifies a federal government or commercial entry
Question 9: Commercially reasonable security that complies with applicable regulatory requirements.
Answer: The level of encryption needed when transmitting banking information over an Unsecured
Electronic Network (UEN)
Question 10: data segment.
Answer: A set of logically related data elements in a defined sequence within a transaction set
Page 1
,Question 11: Unsecured Electronic Network (UEN).
Answer: A network, public or private,that is not located entirely within a single, contiguous, physically
facility and either transmits data 1) via circuits not dedicated to communication between two end-points or
2) via wireless technology
Question 12: File control Record.
Answer: The last record contained with an ACH file indicating termination of the information within the
file. Also summarizes the control totals within the file, the number of blocks and the number of batches in
the file.
Question 13: File Header Record.
Answer: The first record contained within an ACH file that defines the physical characteristics (time and
date) and identifies the immediate origin and immediate destination of the file
Question 14: Company/Batch Header Record.
Answer: The record contained within an ACH file that identifies the Originator of the ACH transaction,
describes the purpose of the entry, contains the routing number of the ODFI and identifies the SEC code of
the entry
Question 15: Company/Batch Control Record.
Answer: The record contained within an ACH file that contains the detail and addenda record counts, hash
totals and the dollar totals for the preceding Entry Detail Records within the batch
Question 16: Addenda Record.
Answer: The record contained within an ACH file that supplies additional payment-related information
relating to the preceding Entry Detail Record
Question 17: Entry Detail Record.
Answer: The record contained within an ACH file that identifies the Receiver (account number, name),
amount of the transaction and the Tran Code
Question 18: Trace Number.
Answer: A 15 digit code uniquely identifying each entry within a batch in an ACH file. The first eight digits
constitute the routing number (minus the check digit) of the ODFI
Question 19: Transaction Set.
Answer: The standards defining the procedural format and data content requirements for specified business
transactions ie purchase orders, invoices, shipping notices, etc
Page 2
, Question 20: Data Element.
Answer: The basic unit of information in EDI transaction sets containing a set of values that represents a
single piece of info such as single character codes, literal descriptions or numeric values.
Question 21: Mandatory Field.
Answer: A field that is necessary for ACH processing ensuring the proper routing and/or posting of an ACH
entry. The omission of this field will cause an ACH Operator reject
Question 22: Required field.
Answer: A field that will not cause and ACH entry to reject at the ACH Operator, but may result in the
return of the entry by the RDFI
Question 23: Optional.
Answer:
1. The addenda requirement that applies to ACK
2. ATX
3. CCD
4. PPD
5. CIE
6. CTX and WEB
Question 24: Mandatory.
Answer:
1. The addenda requirement that applies to IAT
2. COR
3. Refused COR
4. DNE
5. ENR
6. POS
7. SHR
8. MTE
9. all Returns and TRX
Question 25: 9,999.
Answer: Maximum number of Addenda Records allowed for CTX, ENR, and TRX
Question 26: 7.
Answer: Number of mandatory Addenda Records for IAT
Page 3
A+)
Question 1: Bankers Bank.
Answer: An institution owned by Depository Financial Institutions that typically provides correspondent
services, including check clearing & settlement services to it's owners and other banks.
Question 2: The number of characters in an Addenda Record.
Answer: 94 characters with 80 characters of payment-related information
Question 3: Name of the field that indicates the existence of an Addenda record
Answer: Addenda Record Indicator.
Question 4: Left Justified and space filled.
Answer: Format required for alphanumeric and alphabetic fields
Question 5: Format required for numeric fields.
Answer: Right justified, unsigned and zero filled
Question 6: Entry Hash.
Answer: The summation of routing numbers contained in a batch
Question 7: Message Authentication Code (MAC).
Answer: The algorithm that verifies the authenticity of an ACH file
Question 8: Originator Status Code.
Answer: The field that identifies a federal government or commercial entry
Question 9: Commercially reasonable security that complies with applicable regulatory requirements.
Answer: The level of encryption needed when transmitting banking information over an Unsecured
Electronic Network (UEN)
Question 10: data segment.
Answer: A set of logically related data elements in a defined sequence within a transaction set
Page 1
,Question 11: Unsecured Electronic Network (UEN).
Answer: A network, public or private,that is not located entirely within a single, contiguous, physically
facility and either transmits data 1) via circuits not dedicated to communication between two end-points or
2) via wireless technology
Question 12: File control Record.
Answer: The last record contained with an ACH file indicating termination of the information within the
file. Also summarizes the control totals within the file, the number of blocks and the number of batches in
the file.
Question 13: File Header Record.
Answer: The first record contained within an ACH file that defines the physical characteristics (time and
date) and identifies the immediate origin and immediate destination of the file
Question 14: Company/Batch Header Record.
Answer: The record contained within an ACH file that identifies the Originator of the ACH transaction,
describes the purpose of the entry, contains the routing number of the ODFI and identifies the SEC code of
the entry
Question 15: Company/Batch Control Record.
Answer: The record contained within an ACH file that contains the detail and addenda record counts, hash
totals and the dollar totals for the preceding Entry Detail Records within the batch
Question 16: Addenda Record.
Answer: The record contained within an ACH file that supplies additional payment-related information
relating to the preceding Entry Detail Record
Question 17: Entry Detail Record.
Answer: The record contained within an ACH file that identifies the Receiver (account number, name),
amount of the transaction and the Tran Code
Question 18: Trace Number.
Answer: A 15 digit code uniquely identifying each entry within a batch in an ACH file. The first eight digits
constitute the routing number (minus the check digit) of the ODFI
Question 19: Transaction Set.
Answer: The standards defining the procedural format and data content requirements for specified business
transactions ie purchase orders, invoices, shipping notices, etc
Page 2
, Question 20: Data Element.
Answer: The basic unit of information in EDI transaction sets containing a set of values that represents a
single piece of info such as single character codes, literal descriptions or numeric values.
Question 21: Mandatory Field.
Answer: A field that is necessary for ACH processing ensuring the proper routing and/or posting of an ACH
entry. The omission of this field will cause an ACH Operator reject
Question 22: Required field.
Answer: A field that will not cause and ACH entry to reject at the ACH Operator, but may result in the
return of the entry by the RDFI
Question 23: Optional.
Answer:
1. The addenda requirement that applies to ACK
2. ATX
3. CCD
4. PPD
5. CIE
6. CTX and WEB
Question 24: Mandatory.
Answer:
1. The addenda requirement that applies to IAT
2. COR
3. Refused COR
4. DNE
5. ENR
6. POS
7. SHR
8. MTE
9. all Returns and TRX
Question 25: 9,999.
Answer: Maximum number of Addenda Records allowed for CTX, ENR, and TRX
Question 26: 7.
Answer: Number of mandatory Addenda Records for IAT
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